For the next 35 years, John plans to invest $1000 a month in a stock...
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For the next 35 years, John plans to invest $1000 a month in a stock account earning 8 percent APR, compounded monthly. When John retires in 35 years, he will move all his money into an account with a return of 3.5 percent APR, compounded monthly. How much can John withdraw each month during retirement assuming a 30-year withdrawal period? OA. $6,371.9 O B. $12,904.11 OC. $8,008.21 OD. $1,166.67 O E. $10,300.56
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