document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1141119>Question 1141119</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi Can someone please help me solve this? \r<BR>\n" );
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document.write( "You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $5000 per month. You have access to an account that pays an APR of 6.0% compounded monthly. This requires a nest egg of $776,034.32. \r<BR>\n" );
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document.write( "What monthly deposits are required to achieve the desired monthly yield at retirement?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #761659 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=761659\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 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( "here's the results.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2019/051612.jpg\" alt=\"$$$\" >\r<BR>\n" );
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document.write( "inputs are:\r<BR>\n" );
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document.write( "present value = 0<BR>\n" );
document.write( "future value = 776,034.32<BR>\n" );
document.write( "interest rate per month = 6% / 12 = .5%<BR>\n" );
document.write( "payment made at the end of each month<BR>\n" );
document.write( "number of months = 40 * 12 = 480\r<BR>\n" );
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document.write( "output is:\r<BR>\n" );
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document.write( "monthly payment is $389.68\r<BR>\n" );
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document.write( " </SPAN>\n" );
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