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Can someone help me answer this question? Calculating Annuities You are planning to save for retirement over the next 30 years. To do this, you
Can someone help me answer this question?
Calculating Annuities You are planning to save for retirement over the next 30 years. To do this, you will invest $750 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% per year, and the bond account will earn 6% per year. When you retire, you will combine your money into an account with an annual return of 8%. How much can you withdraw each month from account assuming a 25-year withdrawal period?
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