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You are planning to save for retirement over the next 35 years. So you will invest $740 per month in a stock account and $340
You are planning to save for retirement over the next 35 years. So you will invest $740 per month in a stock account and $340 per month in a bond account. The return of a stock account is expected to be an APR of 9.4% and the bond account will earn an APR of 5.4%.. When you retire, you will combine your money into an account with an APR of 6.4% . All interest rate are compounded monthly.. How much can you withdraw each month from your account assuming a withdrawal period of 30 years?
Withdrawal $ ...............................Per Month
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