document.write( "Question 1201515: You have $500,000 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 20 years?
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Algebra.Com's Answer #835913 by Theo(13342)\"\" \"About 
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you will be able to pull out 3876.49 at the end of each month.
\n" ); document.write( "preseent value = -500,000
\n" ); document.write( "future value = 0
\n" ); document.write( "number of time periods = 20 years * 12 months per year = 240 months.
\n" ); document.write( "interest rate per time period = 7% / 12 = .58333333333.....% per month.
\n" ); document.write( "payments are received at the end of each month.\r
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\n" ); document.write( "\n" ); document.write( "you will be able to pull out 3854.01 at the beginning of each month, if that's what you prefer.\r
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\n" ); document.write( "\n" ); document.write( "i used the financial calculator at https://arachnoid.com/finance/\r
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\n" ); document.write( "\n" ); document.write( "here are the results.\r
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