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Calculating Annultles You are planning to save for retirement over the next 3 0 years. To do this, you will invest $ 8 5 0

Calculating Annultles You are planning to save for retirement over the next 30 years. To do this, you will invest $850 per month in a stock account and $250 per month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will return 6 percent. When you retire, you will combine your money into an account with a return of 5 percent. All interest rates are APRs with monthly compounding. How much can you withdraw each month from your account assuming a withdrawal period of 25 years?
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