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7 . For the next 2 0 years, you plan to invest $ 6 0 0 a month in a stock account earning an APR

7. For the next 20 years, you plan to invest $600 a month in a stock account earning an APR of 7 percent compounded monthly. When you retire in 20 years, you will move your money into a bank account with an APR of 5 percent compounded monthly. How much can you withdraw each month during retirement assuming a 30-year withdrawal period?

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