document.write( "Question 1204366: You want to be able to withdraw $30,000 from your account each year for 20 years after you retire.\r
\n" ); document.write( "\n" ); document.write( "You expect to retire in 15 years.\r
\n" ); document.write( "\n" ); document.write( "If your account earns 7% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?\r
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Algebra.Com's Answer #840564 by ikleyn(52790)\"\" \"About 
You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "The posts to the problems of this kind come to the forum regularly in incorrect form.\r
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\n" ); document.write( "\n" ); document.write( "They do not specify  \"highlight%28highlight%28NEITHER%29%29\"  WNEN  the deposits are made  (at the beginning or at the end of a compounding period)\r
\n" ); document.write( "\n" ); document.write( "\"highlight%28highlight%28NOR%29%29\"  WHEN  the withdrawals are made.\r
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\n" ); document.write( "\n" ); document.write( "My impression is that the problem's composer/composers  \"highlight%28highlight%28CHRONICALLY%29%29\"  do not know how to pose such problems correctly.\r
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\n" ); document.write( "\n" ); document.write( "It is repeated from time to time  (from month to month and from year to year)  despite my regular warnings.\r
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\n" ); document.write( "\n" ); document.write( "It is just time to learn on how to formulate such problems in a right way.\r
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