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After working for several years, Alex is planning to save for retirement over the next 30 years. To do this, she will put $1,000 a
After working for several years, Alex is planning to save for retirement over the next 30 years. To do this, she will put $1,000 a month in a stock account and $500 a month in a bond account. The stock account has an expected return of 12 percent, and the bond account will pay 4.8 percent. When retiring, Alex will combine her money into a single account with a 6 percent return. How much can she withdraw each month from her account assuming a 25-year withdrawal period
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