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You are planning your retirement in 25 years. You currently have $10,000 in a bond account, and you plan to add $5,500 per far at

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You are planning your retirement in 25 years. You currently have $10,000 in a bond account, and you plan to add $5,500 per far at the end of each of the next 25 years to the account. The bond account carns a return f 5 percent per year over the next 25 years. You also currently have $35,000 in a stoc account and the stock account earns a return of 10 percent per year over the next 25 years. When you retire, you will transfer your money from the bond and stock accounts into a combined retirement account that earns 7 percent. Your plan is to withdraw an equal amount from our combined account at the end of each year for the next 25 years and then have nothing 1 ft. How much can you withdraw each year in your retirement? INSTRUCTION: ROUND ANSWER TO 2 DECIMAL PLACES. POSITIVE NUMBER ONLY, NO S OR % SYMBOL

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