1 answer

You are planning to save for retirement over the next 20 years. To do this, you...

Question:

You are planning to save for retirement over the next 20 years. To do this, you will invest $1,400 a month in a stock account and $1,100 a month in a bond account. The return of the stock account is expected to be 10 percent, and the bond account will pay 5 percent. When you retire, you will combine your money into an account with a 7 percent return. Required: How much can you withdraw each month from your account assuming a 25-year withdrawal period?


Answers

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

ONLY FINANCIAL FORMULA. NO EXCEL FUNCTION IS USED. JUST WRITTEN IN EXCEL.x 9 VOL pravi mardura PV, PV, ANNUITY (Autosaved) - Excel 08:53 ENG 03 01 2020 - 6 x Share u 21 e 9 W OS File Home Insert Pag

08:54 W V a L A4% 2 pravi mandura u 21 e 9 OS Tile Home Interit Page Layout Formulas Data Review View for 2*2 AIRB ENG 03 01

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