document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1153015>Question 1153015</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Uncle Moneybags has $500,000 saved for retirement. He has an account earning 8% interest. If Uncle Moneybags wants to be able to make withdrawals for 25 years, how much can he withdrawal each month? Round to the nearest cent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #775271 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52908)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=775271\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Strictly speaking, this problem, as it is worded, printed, posted and presented, is DEFECTIVE, since\r<BR>\n" );
document.write( "\n" );
document.write( "it does not say that the account is compound monthly.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );