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You are planning to save for retirement over the next 2 5 years. To do this, you will invest $ 7 9 0 per month
You are planning to save for retirement over the next years. To do this, you will invest
$ per month in a stock account and $ per month in a bond account. The return of
the stock account is expected to be an APR of percent, and the bond account will
earn an APR of percent. When you retire, you will combine your money into an
account with an APR of percent. All interest rates are compounded monthly.
How much can you withdraw each month from your account assuming a withdrawal
period of years? Do not round intermediate calculations and round your answer to
decimal places, eg
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