document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202512>Question 1202512</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to be able to withdraw $35,000 from your account each year for 25 years after you retire.\r<BR>\n" );
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document.write( "You expect to retire in 20 years.\r<BR>\n" );
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document.write( "If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #837402 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=837402\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "you would need to have 373,617.17 in your account at the beginnong of the 25 year retirement period.\r<BR>\n" );
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document.write( "you would need to deposit 8164.36 at the end of each year for 20 years prior to the start of your retirement period.\r<BR>\n" );
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document.write( "i used the calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a> to get both these results.\r<BR>\n" );
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document.write( "here are the results.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2023/052911.jpg\">\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2023/052912.jpg\">\r<BR>\n" );
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document.write( "in the first analysis, you set the withdrawal to be 35000 at the end of each year for 25 years.\r<BR>\n" );
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document.write( "that analysis tells you that you would need 373,617.17 at the beginning of the 25 year retirement period.\r<BR>\n" );
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document.write( "in the secnd analysis, you set the future value to be 373,617.17 at the end of the 20 year investment period.\r<BR>\n" );
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document.write( "that analysis tells you that you would need to invest 8,164.36 at the end of each year until you retire.\r<BR>\n" );
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document.write( "the assumption is that you will start withdrawing one year after you make your last yearly investment.\r<BR>\n" );
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document.write( "the interest rate is 8% per year during the 20 year investment period and during the 25 year withdrawal period. </SPAN>\n" );
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