Business, 16.10.2019 03:00 goldenarrow

You are planning to save for retirement over the next 25 years. to do this, you will invest $700 per month in a stock account and $300 per month in a bond account. the return of the stock account is expected to be 9 percent, and the bond account will pay 5 percent. when you retire, you will combine your money into an account with a return of 6 percent. how much can you withdraw each month from your account assuming a 20-year withdrawal period?

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You are planning to save for retirement over the next 25 years. to do this, you will invest $700 per...

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