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You are planning to save for retirement over the next 30 years. To do this, you will invest $1,000 a month in a stock account

image text in transcribed You are planning to save for retirement over the next 30 years. To do this, you will invest $1,000 a month in a stock account and $700 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 return of 9 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period? Multiple Choice $1,234,207.73 $28,582.11 $28,021.67 $27,461.24 $336,260.08

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