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You are planning to save for retirement over the next 2 5 years. To do this, you will invest $ 1 , 4 0 0

You are planning to save for retirement over the next 25 years. To do this, you will invest $1,400 a month in a stock account and $1,100 a month in a bond account. The return of the stock account is expected to be 7 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 25-year withdrawal period?
$10,731.81
$131,409.87
$725,522.6
$11,169.84 this is not the correct answer
$10,950.82

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