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Finance

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You are planning to sove for retirement over the next 20 years. To do this, you will invest 5900 a month in a stock account and 5600 a month in a bond account. The return of the stock account is expected to be H percent and the bond account will pay 6 percent. When you retre. you will combine your money into an account with a retum of 8 percent. How much can you withdraw each month from your account assuming a 20 year whithrawal period? Multiple Choice $8,835.31 $106,023.67 5420184.13 $9.012.01 $8.656.6

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