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You are planning to save for retirement over the next 3 5 years. To do this, you will invest $ 7 1 6 per month

You are planning to save for retirement over the next 35 years. To do this, you will invest $716 per month in a stock account and $424 per month in a bond account. The return of the stock account is expected to be 8 percent, and the bond account will return 6 percent. When you retire, you will combine your money into an account with a return of 7 percent. How much can you withdraw each month from your account assuming a 30-year withdrawal period?
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