You are planning to save for retirement over the next $25$ years. To do this, you will invest $$700$ a month in a stock account and $$400$ a month in a bond account. The return of the stock account is expected to be $9$ 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

$$8,032\mathrm{.}63$

$$98,358\mathrm{.}68$

$$488,556\mathrm{.}97$

$$8,360\mathrm{.}49$

$$8,196\mathrm{.}56$