You are planning to save for retirement over the next 25 years. To do this, you will invest $1,300 a month in a stock account and $1,000 a month in a bond account. The return of the stock account is expected to be 10 percent, and the bond account will pay 7 percent. When you retire, you will combine your money into an account with a 9 percent return.

Required:

How much can you withdraw each month from your account assuming a 15-year withdrawal period?(Do not round your intermediate calculations.)

$1,066,550.83

$25,711.2

$25,196.98

$26,225.43

$308,534.43