You are planning to save for retirement over the next 30 years. To do this, you will invest 700 a month



You are planning to save for retirement over the next 30 years. To do this, you will invest
700 a month in a stock account and 300 in a bond account. The return of the stock account
is expected to be 11 %, and the bond account will pay 7%. When you retire, you will combine
your money into an account with 9% return. How much can you withdraw each month from
your account assuming a 25-year withdrawal period?




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