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You want to start a retirement plan. After carefully looked through your income, you decide to invest $650 a month in a stock account earing
You want to start a retirement plan. After carefully looked through your income, you decide to invest $650 a month in a stock account earing 7.5 percent and $1,000 each month in a bond account earing 4.5 percent. When you retire in 22 years from today, you will combine your money into a retirement account. How much will you have in your retirement account when you retire? (Please keep four decimal numbers) A. $699,678.4523 B. $853,756.1212 C. $778, 651.4355 OD. $884,420.6149 OE. None of the above
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