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You are planning to save for retirement over the next 30 years. To save for retirement, you will invest $1,400 per month in a stock

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You are planning to save for retirement over the next 30 years. To save for retirement, you will invest $1,400 per month in a stock account in real dollars and $565 per month in a bond account in real dollars. eam 7 percent. When you retire, you will combine your money into an account with an effective relum of 8 percent. The effective annual retum of the stock account is expected to be 11 percent, and the bond account will percent. The retums are stated in nominal terms. The inflation rate over this period is expected to be 4 How much can you withdraw each month from your account in real terms assuming a 25-year withdrawa period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Monthly withdrawal What is the nominal dollar amount of your last withdrawal? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Last withdrawal

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