You decided that its time to start saving for your


You decided that it's time to start saving for your retirement. To do this, over the next 20 years you will invest $1,300 a month in a stock account and $1,000 a month in a bond account. The return of the stock account is expected to be 10 percent, and the bond account will pay 5 percent. When you retire, you will combine the accumulated money from both accounts into one account with a 8 percent return. How much can you withdraw each month from your account assuming a 15-year withdrawal period?

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Financial Management: You decided that its time to start saving for your
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