You are planning to save for retirement over the next 20 years. You will invest $900 a month in a stock account and $600 a month in a bond account. The return of the stock account is expected to be 9 percent, and the bond account will pay 6 percent. When you retire, you will combine your money into an account with a 7 percent return.

Required:

How much can you withdraw each month from your account assuming a 25-year withdrawal period?(Do not round your intermediate calculations.)

$6,083.65

$6,331.96

$6,207.8

$418,669.1

$74,493.63