document.write( "Question 1182782: Find the amount necessary to fund the given withdrawals
\n" ); document.write( "Monthly withdrawals of $750 for 7 years; interest rate is 6.3% compounded monthly \n" ); document.write( "
Algebra.Com's Answer #812923 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
if you are withdrawing the money at the end of each month, the present value is 50,837.81.
\n" ); document.write( "if you are withdrawing the money at the beginning of each month, the present value is 51,104.71.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "calculation of end of month withdrawal is shown below:\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "calculation of beginning of month withdrawal is shown below:\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "inputs are everything except pv (present value).
\n" ); document.write( "output is pv (present value).
\n" ); document.write( "this is the amount that is necessary to be funded.
\n" ); document.write( "first analysis has payments at end of month.
\n" ); document.write( "second analysis has payments at beginning of month.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "calculator used can be found at https://arachnoid.com/finance/index.html \n" ); document.write( "
\n" );