You are planning to save for retirement over the next 25 years. To do this, you will invest $900 a month in a stock account and $600 a month in a bond account. The return of the stock account is expected to be 8 percent, and the bond account will pay 5 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 25-year withdrawal period?

Multiple Choice

• $7,660.52

• $539,635.22

• $7,816.86

• $93,802.26

• $7,973.19