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Bharatmata saves $1,200 monthly in stocks and $900 monthly in bonds for 15 years. The return on the stocks is 9 percent, and on bonds
Bharatmata saves $1,200 monthly in stocks and $900 monthly in bonds for 15 years. The return on the stocks is 9 percent, and on bonds 6 percent. How much can Bharatmata withdraw each month for 25-years assuming that on retirement Bharatmata combines the stocks and bonds into an account that pays 7 percent
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