You are planning your retirement in 10 years. You

currently have $75,000 in a bond account and $300,000 in a stock account.

You plan to add $6,000 per year at the end of each of the next 10 years to

your bond account. The stock account will earn a return of 10.5 percent and

the bond account will earn a return of 7 percent. When you retire, you plan

to withdraw an equal amount for each of the next 25 years at the end of each

year and have nothing left. Additionally, when you retire you will transfer

your money to an account that earns 6.25 percent. How much can you

withdraw each year?