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You are planning to save for retirement over the next 3 0 years. To do this, you will invest $ 5 0 0 a month

You are planning to save for retirement over the next 30 years. To do this, you will invest $500 a month in a stock account and $200 a month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 6 percent. When you retire, you will combine your money into an account with a return of 9 percent.
How much can you withdraw
month from your account assuming a 20-year withdrawal period?
a. $173,088.87
b. $507,304.12
c. $14,712.55
d. $14,135.59
e. $14,424.07

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