You are planning to save for retirement over the next 20 years.To do this, you will invest $1,100 a month in a stock account and$800 a month in a bond account. The return of the stock account isexpected to be 10 percent, and the bond account will pay 6 percent.When you retire, you will combine your money into an account with areturn of 8 percent. How much can you withdraw each month from youraccount assuming a 20-year withdrawal period?
A.120,943.05
B.9877.02
C.10,208.16
D.513,326.32
E.10,078.59
