(b) Your auntie is planning to retire in 6 years. Currently, she has $55,000 in...
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b Your auntie is planning to retire in years. Currently, she has $ in a bond account and $ in a stock account. She plans to add $ per year at the end of each of the next years to her bond account. The stock account will earn a return of per year and the bond account will earn a return of per year. On retirement, your auntie will transfer her money to a savings account which earns an interest of per year. She hopes to withdraw an equal amount for each of the next years at the end of each year and have nothing left. Discuss how you will determine the amount your auntie is able to withdraw each year during her retirement, and solve for it marks 
b Your auntie is planning to retire in years. Currently, she has $ in a bond
account and $ in a stock account. She plans to add $ per year at the end of
each of the next years to her bond account. The stock account will earn a return of
per year and the bond account will earn a return of per year.
On retirement, your auntie will transfer her money to a savings account which earns an
interest of per year. She hopes to withdraw an equal amount for each of the next
years at the end of each year and have nothing left.
Discuss how you will determine the amount your auntie is able to withdraw each year
during her retirement, and solve for it
marks
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