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You are planning to save for retirement over the next 35 years.

Question # 00617900
Subject: Finance
Due on: 11/14/2017
Posted On: 11/14/2017 06:30 AM

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You are planning to save for retirement over the next 35 years. To do this, you will invest $710 a month in a stock account and $310 a month in a bond account. The return of the stock account is expected to be 9.1 percent, and the bond account will pay 5.1 percent. When you retire, you will combine your money into an account with an 6.1 percent return.

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

Tags years retirement save planning account month percent stock bond return withdraw money auming 30year period withdrawal combine retire retirement years planning expected save invest

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You are planning to save for retirement over the next 35 years.

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