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You are planning to save for retirement over the next 15 years. To do this, you will invest $800 a month in a stock account

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You are planning to save for retirement over the next 15 years. To do this, you will invest $800 a month in a stock account and $500 a month in a bond account. The return of the stock account is expected to be 10 percent, and the bond account will pay 6 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 25-year withdrawal period? Multiple Choice $3,755.08 $44,177,43 $234.254.44

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