document.write( "Question 1182491: You have $ 750,675 saved for retirement. Your account earns 5.3 % interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 19 years?\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
Algebra.Com's Answer #812558 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
present value = 750,675
\n" ); document.write( "interest rate per year = 5.3%
\n" ); document.write( "interest rate per month = 5.3/12 = .441666666...% per month
\n" ); document.write( "future value = 0
\n" ); document.write( "number of months = 19 years * 12 = 228
\n" ); document.write( "payments are made at the beginning of each month.
\n" ); document.write( "required payments at the beginning of each month are 5207.49. *****
\n" ); document.write( "use a financial calculator like the one round at https://arachnoid.com/finance/index.html\n" ); document.write( "here's a display of your inputs.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "here's a display of your output.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
\n" );