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You are planning to save for retirement over the next 15 years. TO do this, you will invest $1,100 a month is a stock account

You are planning to save for retirement over the next 15 years. TO do this, you will invest $1,100 a month is a stock account and $500 in a bond account. The return on the stock account is expected to be 7%, and the bond account will pay 4%. When you retire, you will combine your money into an account with a 5% return. How much can you withdraw each month during retirement assuming a 20 year withdrawal period. A) $2,636.19 B) $2,904.11 C) $3,008.21 D) $3,037.36 E) $3,406.97

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