document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1187057>Question 1187057</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You have set up a life annuity with a present value of $200,000. If your life expectancy at retirement is 20 years, what will your monthly income be? Take the APR to be 6%.\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 #820231 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=820231\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> your annuity has a present value of 200,000<BR>\n" );
document.write( "your life expectancy is 20 years.<BR>\n" );
document.write( "i believe the interest is compounded monthly.<BR>\n" );
document.write( "your monthly interest rate will be 6% / 12 = .5% per month.<BR>\n" );
document.write( "your number of months will be 20 * 12 = 240.<BR>\n" );
document.write( "your payments ae presumed to be be at the end of each month.<BR>\n" );
document.write( "you will receive 1432.86 at the end of each month.\r<BR>\n" );
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document.write( "i used the financial calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/index.html\" target = \"_blank\">https://arachnoid.com/finance/index.html</a> to get these results.\r<BR>\n" );
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document.write( "here's what the results look like.\r<BR>\n" );
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document.write( "inputs ere everything except pmt.<BR>\n" );
document.write( "output was pmt.\r<BR>\n" );
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