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Question E FINANCE Business Finance: Winter 2017

Question : Question E FINANCE Business Finance: Winter 2017 : 9664

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E FINANCE Business Finance: Winter 2017 Question 34 (of 50) You are planning to save for retirement over the next 30 years. To do this, you will invest $11oo a month in a stock account and $800 a in a bond account. The return of the stock account is expected to be 8 account and the bond account will pay 5 percent. When you retire, you will combine your money into an with a 7 percent return. Required: How much can you withdraw each month from your account assuming a 15-year withdrawal period?(Do not round your intermediate calculations) O $248.63772 O $21134.21 O $926.20112 O $20305.41 O $20219.81 OOD

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