document.write( "Question 935967: semiannual withdrawals of $800 for 7 years; interest rate is 4.9% compounded semiannually. \n" ); document.write( "

Algebra.Com's Answer #569416 by ptfile(81) $\"\"$ $\"About$

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document.write( "Let w = amount withdrawn semiannually\r\n" );
document.write( "    r = interest rate\r\n" );
document.write( "    n = Number of intervals\r\n" );
document.write( "    t = duration of the withdrawals\r\n" );
document.write( "    P = Principal\r\n" );
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\n" ); document.write( " $\"PV+=+w%28%28%281%2Br%2Fn%29%5E%28nt%29-1%29%2F%28%281%2Br%2Fn%29%5E%28nt%29%28r%2Fn%29%29%29\"$
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\n" ); document.write( " $\"PV+=+800%28%28%281.0245%29%5E%2814%29-1%29%2F%28%281.0245%29%5E%2814%29%28.0245%29%29%29\"$
\n" ); document.write( " $\"PV+=+800%28%28.403354780%29%2F%28%281.403354780%29%28.0245%29%29%29\"$
\n" ); document.write( " $\"PV+=+800%28.403354780%2F.034382192%29\"$
\n" ); document.write( " $\"PV+=+800%2811.731502750%29\"$
\n" ); document.write( " $\"PV+=+9385.20\"$
\n" ); document.write( "$9385.20 is the total amount of money to be withdrawn.\r
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