document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=326643>Question 326643</A>: <I><SPAN STYLE=\"word-break: break-all;\"> you have $300,000.00 saved for retirement, your account earns 10% interest. how much will you be able to pull out each month if you want to be able to take withdrawals for 20 years?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #233866 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=233866\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=(300000*.1/12*(1+.1/12)^240)/(1+.1/12)^240-1<BR>\n" );
document.write( "P=(300000*.00833*7.27)/6.32226<BR>\n" );
document.write( "P=18167.73/6.32226<BR>\n" );
document.write( "P=2873.61 per month </SPAN>\n" );
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