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You are planning to save for retirement over the next 3 5 years. To do this, you will invest $ 8 1 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 percent, and the bond account will earn percent. When you retire, you will combine your money into an account with an annual return of percent. All interest rates are APRs with monthly compunding. How much can you withdraw each month from your account assuming a year withdrawal period? Do not round intermediate calculations and round your answer to decimal places, eg
Withdraw
per month
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