document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=981336>Question 981336</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I plan to retire at age of 70, at which time i will withdraw 5000 per month for 20 yrs frm my retitement savings .i also wnt to recieve a final payment of 8000 for a 90th birthday trip to hawaii. Assuming that my funds are invested at 4.7% interest , compounded mnyhly ,how much must i have accumulasted in my retirement savings ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #602338 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=602338\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I plan to retire at age of 70, at which time i will withdraw 5000 per month for 20 yrs frm my retirement savings .i also wnt to receive a final payment of 8000 for a 90th birthday trip to hawaii. Assuming that my funds are invested at 4.7% interest , compounded mnyhly ,how much must i have accumulated in my retirement savings ?<BR>\n" );
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document.write( "Using the finance feature on my Ti83, I got $771,905.73 required<BR>\n" );
document.write( "that is using 239 months (20 yrs - 1 month) and a final value of $8000 </SPAN>\n" );
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