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You are planning to save retirement over the next 30 years. To do this, you will invest $700 a month in a stock account and
You are planning to save retirement over the next 30 years. To do this, you will invest $700 a month in a stock account and $300 a month in a bond account.The return of stock amount is expected to be 11 percent, and the bond stock account will pay 6 percent. When you retire, you will combine your money into an account with a 9 percent return. How much can you withdraw each month from your account assuming 25 year withdrawal period?
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