document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=260861>Question 260861</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr. and Mrs. Anderson want an annual retirement income of at least $24,000. How much must they have saved when they retire if they want to live off the interest without depleting any principle, assuming they will earn 8% interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #192166 by </B><A HREF=/tutors/aboutme.mpl?userid=Greenfinch><B>Greenfinch(383)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Greenfinch><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Greenfinch><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=192166\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If 8% gets $24 000, The 1% would provide $3000<BR>\n" );
document.write( "So the principal needs to be 100 times that or $300,000 </SPAN>\n" );
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