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You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account

You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account and $325 per month in a bond account. All deposits will occur at the end of every month. The rates of return for the stock and bond account are expected to be 10.5% and 6.1% per year, respectively. When you retire, you will combine your money into an account with an expected rate of return of 6.9% per year. You can assume monthly compounding for all the expected rates of return. How much can you withdraw each month from your account when you retire assuming a withdrawal period of 25 years? Also, assume that each withdrawal will occur at the end of each month.

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