document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1078961>Question 1078961</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I put $250 per month into an account accruing 2.5% APR over 35 years. After 35 years, I stop putting money in and withdraw the same amount every month for 15 years. How much money was deposited and how much was withdrawn?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #693427 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=693427\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if you invest 250 dollars at the end of each month for 35 years at 2.5% interest rate per year compounded monthly, you will have 167603 dollars at the end of that 35 year period.\r<BR>\n" );
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document.write( "in order to withdraw 250 dollars at the end of each month for 15 years at 2.5% interest rate per year compounded monthly,you will need to invest 37493 dollars at the beginning of that 15 year period.\r<BR>\n" );
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document.write( "if the beginning of that 15 year period coincides with the end of the 35 year period, you will have a net profit of 130110 dollars.\r<BR>\n" );
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document.write( "if you invest that 130110 dollars at the beginning of the 15 year period at 2.5% interest rate per year compounded monthly, you will have 189235 dollars at the end of that 15 year period.\r<BR>\n" );
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document.write( "you invested total payments of 420 * 250 = 105000 dollars.\r<BR>\n" );
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document.write( "you received total payments of 180 * 250 = 45000 dollars.\r<BR>\n" );
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document.write( "you had 0 dollars in your account at the start of the 35 year period.\r<BR>\n" );
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document.write( "you will have 167603 dollars in your account at the end of the 35 year period that coincides with the beginning of the 15 year period.\r<BR>\n" );
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document.write( "you will have 189235 dollars in your account at the end of the 15 year period.\r<BR>\n" );
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document.write( "35 years * 12 = 420 months.<BR>\n" );
document.write( "15 years * 12 = 180 months.\r<BR>\n" );
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document.write( "your monthly investment period was 420 months.<BR>\n" );
document.write( "your monthly withdrawal period was 180 months.\r<BR>\n" );
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