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You are planning to save for retirement over the next 15 years. To do this, you will invest $1,300 a month in a stock account
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,300 a month in a stock account and $1,000 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 15-year withdrawal period? Multiple Choice $89,763.97 $381,680.57 $7,330.72 $7,480.33 $7,629.94
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