document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1200366>Question 1200366</A>: <I><SPAN STYLE=\"word-break: break-all;\">  You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #834484 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=834484\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you will be able to withdraw 2827.12 ad the end of each momnth or you will be able to withdraw 2810.72 at the end of each month.\r<BR>\n" );
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document.write( "here are the results from using the calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "your inputs are:\r<BR>\n" );
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document.write( "pv = -400,000<BR>\n" );
document.write( "fv = 0<BR>\n" );
document.write( "np = 25 years * 12 months per year = 300 months<BR>\n" );
document.write( "ir = 7% per year / 12 = .58333333333% permonth<BR>\n" );
document.write( "payment is at the end of the year or at the beginning of the year.\r<BR>\n" );
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document.write( "the pv is negative because it's money that you put inot the account.<BR>\n" );
document.write( "the payment is positive because it's money you withdraw from the account.\r<BR>\n" );
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document.write( "pv means present value<BR>\n" );
document.write( "fv means future value<BR>\n" );
document.write( "np means number of time periods<BR>\n" );
document.write( "pmt means payment<BR>\n" );
document.write( "ir means persent interrest.\r<BR>\n" );
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document.write( "interest is assumed to be compounded monthly if withdrawal is monthly.<BR>\n" );
document.write( " </SPAN>\n" );
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