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You are planning to save for retirement over the next 2 0 years. To do this, you will invest $ 8 0 0 a month

You are planning to save for retirement over the next 20 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
$6,342.36
$77,661.59
$6,601.23
$372,563.18
$6,471.8

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