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You are planning to save for retirement over the next 20 years. To do this, you will invest $600 a month in a stock account

You are planning to save for retirement over the next 20 years. To do this, you will invest $600 a month in a stock account and $300 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 each month from your account assuming a 15-year withdrawal period? Multiple Choice $279,858.5 $6,807.3 $6,540.35 $6,673.82 $80,085.89

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