You are planning to save for retirement over the next 35, Financial Management

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You are planning to save for retirement over the next 35

You are planning to save for retirement over the next 35 years. To do this, you will invest $900 per month in a stock account and $500 per month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 7 percent. When you retire, you will combine your money into an account with a 8 percent return.

How much can you withdraw each month from your account assuming a 30-year withdrawal period?

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Financial Management: You are planning to save for retirement over the next 35

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