You are planning to save for retirement over the next 30 years. To save for retirement,...

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You are planning to save for retirement over the next 30 years.To save for retirement, you will invest $800 per month in a stockaccount in real dollars and $400 per month in a bond account inreal dollars. The effective annual return of the stock account isexpected to be 11 percent, and the bond account will earn 7percent. When you retire, you will combine your money into anaccount with an effective return of 9 percent. The returns arestated in nominal terms. The inflation rate over this period isexpected to be 4 percent.
How much can you withdraw each month from your account in realterms assuming a 25-year withdrawal period? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
What is the nominal dollar amount of your last withdrawal?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)

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Real rate1Nominal Rate of return1Inflation rate1 Real rate stock ac111141 673 Monthly real rate67312056 or 00056 Real rate Bond ac17141 288 Monthly real rate28812024 or 00024 Reat rate of the Combined ac19141 481 Monthly real rate48112040 or 00040 See Answer

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You are planning to save for retirement over the next 30 years.To save for retirement, you will invest $800 per month in a stockaccount in real dollars and $400 per month in a bond account inreal dollars. The effective annual return of the stock account isexpected to be 11 percent, and the bond account will earn 7percent. When you retire, you will combine your money into anaccount with an effective return of 9 percent. The returns arestated in nominal terms. The inflation rate over this period isexpected to be 4 percent.How much can you withdraw each month from your account in realterms assuming a 25-year withdrawal period? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)What is the nominal dollar amount of your last withdrawal?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)