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IF Chapter 5 #8:,,You are planning to save for retirement over the next 31 years. To save for retirement, you will invest $780 a month in a stock account in real dollars and $240 a month in a bond account in real dollars. The effective annual return of the stock account is expected to be 13 percent, and the bond account will earn 6 percent. When you retire, you will combine your money into an account with an 11 percent effective return. The inflation rate over this period is expected to be 3 percent. Assuming a 30-year withdrawal period you can withdraw $ each month from your account in real terms. The nominal dollar amount of your last withdrawal is $ . (Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g., 32.16)), ,,

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