Business
Business, 07.11.2019 20:31, samarahbrown6050

You are planning to save for retirement over the next 30 years. to do this, you will invest $750 per month in a stock account and $250 per month in a bond account. the return of the stock account is expected to be 10 percent, and the bond account will pay 6 percent. when you retire, you will combine your money into an account with a return of 5 percent. how much can you withdraw each month from your account assuming a 25-year withdrawal period? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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