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You decide to save $431 per month in equity securities, which you anticipate earning an interest rate of 11.56 percent APR with monthly compounding. You
You decide to save $431 per month in equity securities, which you anticipate earning an interest rate of 11.56 percent APR with monthly compounding. You also decide to save $262 per month in debt securities, which you anticipate earning an interest rate of 7.54 percent APR with monthly compounding. You plan to save for 41 years until you reach retirement at that time. When you retire, you plan to combine your savings into an account which will earn 7.49 percent APR with monthly compounding. What monthly payment can you afford to pay yourself during retirement if you plan to retire for 34 years
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