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In: Advanced Math

12. You plan to save for your retirement during the next 30 years. To do this,...

12. You plan to save for your retirement during the next 30 years. To do this, he will invest 700 dollars a month in a stock account and 300 dollars in a bond account. The performance of the stock account is expected to be 11% and the bond account pays 6%. When you retire, you will combine your money in an account with a 9% return. How much can you withdraw each month from your account if you have a 25-year withdrawal period?

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Colby Messinger answered 2 years ago
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