document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1121992>Question 1121992</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to be able to withdraw $20,000 each year for 25 years. Your account earns 10% interest.\r<BR>\n" );
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document.write( "a) How much do you need in your account at the beginning?\r<BR>\n" );
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document.write( "b) How much total money will you pull out of the account?\r<BR>\n" );
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document.write( "c) How much of that money is interest?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #738236 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=738236\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You want to be able to withdraw $20,000 each year for 25 years. Your account earns 10% interest. <BR>\n" );
document.write( "a) How much do you need in your account at the beginning?<BR>\n" );
document.write( "b) How much total money will you pull out of the account? <BR>\n" );
document.write( "c) How much of that money is interest? \r<BR>\n" );
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document.write( "assuming you want to withdraw 20,000 at the end of each year, the following applies.\r<BR>\n" );
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document.write( "use the following calculator.\r<BR>\n" );
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document.write( "<a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "your inputs will be:\r<BR>\n" );
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document.write( "present value = 0<BR>\n" );
document.write( "future value = 0<BR>\n" );
document.write( "interest rate percent per yearly time period = 10<BR>\n" );
document.write( "number of yearly time periods = 25<BR>\n" );
document.write( "payment amount each yearly time period = 20,000<BR>\n" );
document.write( "payment is made at the end of each yearly time period\r<BR>\n" );
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document.write( "you click on PV and the calculator tells you that the present value is equal to -181,540.80.\r<BR>\n" );
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document.write( "your payments per time period are positive because it's money you receive.<BR>\n" );
document.write( "your investment in the account at the beginning of the 25 year period is negative because it's money you pay out.\r<BR>\n" );
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document.write( "the amount that has to be invested in the account is 181,540.80.\r<BR>\n" );
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document.write( "over the 25 year period you will withdraw a total of 25 * 20,000 = 500,000.\r<BR>\n" );
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document.write( "500,000 minus 181,540.80 = 318,459.2 of that will be interest that you earned from your investment.\r<BR>\n" );
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document.write( "here's what the display of the calculator looks like.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2018/083102.jpg\" alt=\"$$$\" >\r<BR>\n" );
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