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Question: answer in Excel and manual please? For retirement over the next 25 years. For doing so, you will invest $850 per month in a
Question: answer in Excel and manual please?
For retirement over the next 25 years. For doing so, you will invest $850 per month in a stock account and $450 per month in a bond account. The return of the stock account is expected to be an APR of 10.5 percent, and the bond account will earn an APR of 6.5 percent. When you retire, you will combine your money into an account with an APR of 7.5 percent. All interest rates are compounded monthly.
How much you will Withdrawal$___________ per month period of 20 years?
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