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You are planning to save for retirement over the next 25 years. To do this, you will invest $600 a month in a stock account

You are planning to save for retirement over the next 25 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 9 percent, and the bond account will pay 5 percent. When you retire, you will combine your money into an account with a 7 percent return.

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How much can you withdraw each month from your account assuming a 25-year withdrawal period?(Do not round your intermediate calculations.)

rev: 09_17_2012

$6,017

$6,137.34

$72,203.95

$359,682.98

$5,896.66

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