document.write( "Question 1195620: You want to be able to withdraw $35,000 each year for 30 years. Your account earns 9% interest. How much do you need in your account at the beginning? \n" ); document.write( "

Algebra.Com's Answer #828376 by Theo(13342) $\"\"$ $\"About$

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drawing at the end of each year is assumed.
\n" ); document.write( "using the calculator at https://arachnoid.com/finance/. i get the following.
\n" ); document.write( "pv (present value) = 359,577.89.
\n" ); document.write( "here are the results from using that calculator.
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\n" ); document.write( "the present value is how much you need in the account at the beginning of the invstment period.
\n" ); document.write( "payments are assumed to be made at the end of each year.
\n" ); document.write( "if you are going to be withdrawng at the beginning of each year, then you will need to have pv (present value) = 391,939.90.
\n" ); document.write( "here are the results for the second analysis with withdrawals at the beginning of each year.
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