asked 94.4k views
5 votes
You decided that it's time to start saving for your retirement. to do this, over the next 25 years you will invest $1,000 a month in a stock account and $700 a month in a bond account. the return of the stock account is expected to be 11 percent, and the bond account will pay 7 percent. when you retire, you will combine the accumulated money from both accounts into one account with a 10 percent return.

asked
User Nicholi
by
9.0k points

1 Answer

1 vote
im going to say the answer is 2290909.09 in total. hope i helped
answered
User Iwek
by
7.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.