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You are planning to save for retirement over the next 15 years. to do this, you will invest 1100 a month in a stock account
You are planning to save for retirement over the next 15 years. to do this, you will invest 1100 a month in a stock account and 500 a month in a bond account. the return on the stock account is expected to be 7 percent and the bond account will pay 4 percent. when you retire, you will combine your money into an account with a 5 percent return. how much can you withdraw each month during retirement assuming a 20 year withdrawal period?
2,636.19
2904.11
3008.21
3037.36
3406.97
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