You are planning to save for retirement over the next 35 years To do this, you will invest $900 per month in a stock account and $500 per month in a bond account The return of the stock account is expected to be 11 percent, and the bond account will pay 7 percent When you retire, you will combine your money into an account with a return of 8 percent How much can you withdraw each month from your account assuming a 30 year withdrawal period (Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) You are planning to save for retirement over the next 35 years To do this, you will invest $900 per month in a stock account and $500 per month in a bond account The return of the stock account is expected to be 11 percent, and the bond account will pay 7 percent When you retire, you will combine your money into an account with a return of 8 percent How much can you withdraw each month from your account assuming a 30 year withdrawal period (Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 )

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Posted on Oct 04, 2024

You are planning to save for retirement over the next 35 years. To do this, you will invest $900 per month in a stock account

You are planning to save for retirement over the next 35 years. To do this, you will invest $900 per month in a stock account and $500 per month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 7 percent. When you retire, you will combine your money into an account with a return of 8 percent. How much can you withdraw each month from your account assuming a 30-year withdrawal period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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You are planning to save for retirement over the next 35 years. To do this, you will invest $900 per month in a stock account and $500 per month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 7 percent. When you retire, you will combine your money into an account with a return of 8 percent How much can you withdraw each month from your account assuming a 30-year withdrawal period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)