document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204183>Question 1204183</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #840254 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20849)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><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=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=840254\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "Recall that the formula for the present value of the ordinary annuity,<BR>\n" );
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document.write( "if\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=400000 ALIGN=MIDDLE  ALT=\"P=400000\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=i%2F12=8%2F12=2%2F3 ALIGN=MIDDLE  ALT=\"i%2F12=8%2F12=2%2F3\"   DISABLED_style= \"max-width:90%; height:auto;\" >%=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281%2F150%29%2F12=1%2F1800 ALIGN=MIDDLE  ALT=\"%281%2F150%29%2F12=1%2F1800\"   DISABLED_style= \"max-width:90%; height:auto;\" >=> (monthly)\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n=25 ALIGN=MIDDLE  ALT=\"n=25\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=k=12 ALIGN=MIDDLE  ALT=\"k=12\"   DISABLED_style= \"max-width:90%; height:auto;\" > (months)\r<BR>\n" );
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document.write( "then\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=400000=%28x%2F%281%2F1800%29%29%281-%281%2B1%2F1800%29%5E%28%28-25%2A12%29%29%29 ALIGN=MIDDLE  ALT=\"400000=%28x%2F%281%2F1800%29%29%281-%281%2B1%2F1800%29%5E%28%28-25%2A12%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=400000=%281800x%29%281-0.8465209002574435%29 ALIGN=MIDDLE  ALT=\"400000=%281800x%29%281-0.8465209002574435%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=400000=%281800x%29%280.15347909974255647%29 ALIGN=MIDDLE  ALT=\"400000=%281800x%29%280.15347909974255647%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=400000=276.26237953660165+x ALIGN=MIDDLE  ALT=\"400000=276.26237953660165+x\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x=400000%2F276.26237953660165 ALIGN=MIDDLE  ALT=\"x=400000%2F276.26237953660165\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x=1447.90 ALIGN=MIDDLE  ALT=\"x=1447.90\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "you would be able to withdraw <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1447.90 ALIGN=MIDDLE  ALT=\"1447.90\"   DISABLED_style= \"max-width:90%; height:auto;\" > each month for <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=25+ ALIGN=MIDDLE  ALT=\"25+\"   DISABLED_style= \"max-width:90%; height:auto;\" >years\r<BR>\n" );
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