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9You are planning to save for retirement over the next 20 years. To do this, you will inves$1,200 a month in a stock account and $900 a month in a bond account. The return othe stock account is expected to be 10 percent, and the bond account will pay 6 percentWhen you retire, you will combine your money into an account with a return of 8 percent38ntsHow much can you withdraw each month from your account assuming a 20-yeawithdrawal period?

Question
9
You are planning to save for retirement over the next 20 years. To do this, you will inves
$1,200 a month in a stock account and $900 a month in a bond account. The return o
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 8 percent
38
nts
How much can you withdraw each month from your account assuming a 20-yea
withdrawal period?
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9 You are planning to save for retirement over the next 20 years. To do this, you will inves $1,200 a month in a stock account and $900 a month in a bond account. The return o 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 8 percent 38 nts How much can you withdraw each month from your account assuming a 20-yea withdrawal period?

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Step 1

Value in 20 years for stock account:

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Step 2

Excel formula:

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Step 3

Value in 20 years for bond account:

...
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