document.write( "Question 1052048: You have $100,000 to invest at 4% interest. If you wish to withdraw equal annual payments for 4 years, how much could you withdraw each year and leave $0 in the investment account?
\n" ); document.write( "Answer = $27548 \n" ); document.write( "

Algebra.Com's Answer #667635 by MathTherapy(10552) $\"\"$ $\"About$

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\n" ); document.write( "You have $100,000 to invest at 4% interest. If you wish to withdraw equal annual payments for 4 years, how much could you withdraw each year and leave $0 in the investment account?
\n" ); document.write( "Answer = $27548
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1)  Find future value (FV) on $100,000 @ 4% for 4 years
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document.write( "2)  Find payment on an ORDINARY annuity based on the future value amount you got in 1). This should give you: $27,549, $1 more than your answer. \n" );
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