The return on the stock account is expected

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Reference no: EM131013155

You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account will pay 4 %. When you retire, you will combine your money into an account with a 5% return. How much can you withdraw each month during retirement assuming a 20 year withdrawal period?

Reference no: EM131013155

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