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You are planning to save for retirement over the next 30 years. To do this, you will Invest $600 a month in a stock account

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You are planning to save for retirement over the next 30 years. To do this, you will Invest $600 a month in a stock account and $300 a month in a bond account. The return of the stock account is expected to be 8 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a return of 6 percent How much can you withdraw each month from your account assuming a 20-year withdrawal period? Multiple Choice $7,740.19 $8.056.12 $7.898.15 $419.632.86 $94777.85

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