document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1190447>Question 1190447</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A. For all parts of this problem, money is invested in a retirement account with an APR of 8.04%.  (This is close to the average annual return rate for a traditional individual retirement account over the last decade.)  You want to be able to withdraw $24,000 per year for 20 years after retirement.  Round up to the cent for each answer.\r<BR>\n" );
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document.write( "5. How much must you have in the account to start with if compounding and withdrawals are both weekly (with 52 weeks per year)? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #822082 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=822082\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> i believe the first problem will use 8.04% per year payment of 24,000 at the beginning of each year for 20 years.<BR>\n" );
document.write( "i believe the second problem will take 24,000 and divided it by 52 to get a withdrawal at the beginning of each week and will also take 8.04% per year and divided it by 52 to get interest ratre per week and will also multiply 20 years by 52 to get the total number of weeks.<BR>\n" );
document.write( "my analysis is shown below, using the financial calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/index.html\" target = \"_blank\">https://arachnoid.com/finance/index.html</a>\r<BR>\n" );
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document.write( "first analysis is shown below:\r<BR>\n" );
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document.write( "second analysis is shown below:\r<BR>\n" );
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document.write( "inputs are everything except present value in both analyses.<BR>\n" );
document.write( "output is present value.\r<BR>\n" );
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document.write( "in the first analysis, .....<BR>\n" );
document.write( "interest rate per year = 8.04<BR>\n" );
document.write( "payment at the beginning of each year = 24000<BR>\n" );
document.write( "number of years = 20\r<BR>\n" );
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document.write( "in the second analysis.<BR>\n" );
document.write( "interest rate per week = 8.04/52.<BR>\n" );
document.write( "payment at the beginning of each week = 24000/52<BR>\n" );
document.write( "number of weeks = 20 * 52\r<BR>\n" );
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document.write( "let me know if you have any questions.<BR>\n" );
document.write( "theo\r<BR>\n" );
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document.write( " </SPAN>\n" );
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