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You are planning on saving for retirement over the next 30 years. To do this you will invest $800 in a stock account and $300
You are planning on saving for retirement over the next 30 years. To do this you will invest $800 in a stock account and $300 in a bond account. Assume the stocks increase in value with an annual rate of 11% and the bonds increase at a rate of 4%. a. How much money do you estimate you will have at the end of the 30 years? b. You continue with the investments but put the savings into one account that yields 8% and then you withdraw $5000/month. How many months can you expect to have the extra income?
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