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You are planning to save for retirement over the next 30 years. To do this, you will invest $850 per month in a stock account
You are planning to save for retirement over the next 30 years. To do this, you will invest $850 per month in a stock account and $350 per 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 5 percent. How much can you withdraw each month from your account assuming a 25-year withdrawl period?
Please solve with excel references. Thank you
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