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Given Info You are planning to save for retirement over the next 30 years. To do this, you will invest $850 per month in a
Given Info 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. The return of the stock account is expected to be 10 percent. When you retire, you will put your money into an account with a return of 5%. How much can you withdraw each month from your account assuming a 25 year withdrawal period? Round final amount to zero decimals. Phases, Timeline, \& Calculations 1. For the next 30 years, you are putting money away monthly so that you have a nest egg for retirement. Obviously, you would want to know how much you have in live off of in retirement, so what type of calculation would you need to do to find this amount? Are you only finding this over 30 periods? What rate and period adjustments need to be made? Start with a timeline. what type of calculation would you need to do to find this amount? Are you only finding the monthly payments over 25 periods? What rate and period adjustments need to be made? Start with a timeline
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