document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204481>Question 1204481</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You have $400,000 saved for retirement. Your account earns 4% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?<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 #840760 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=840760\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
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=4%2F12 ALIGN=MIDDLE  ALT=\"i%2F12=4%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" >%=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.04%2F12 ALIGN=MIDDLE  ALT=\"0.04%2F12\"   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=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%280.04%2F12%29%29%281-%281%2B0.04%2F12%29%5E%28-20%2A12%29%29 ALIGN=MIDDLE  ALT=\"400000=%28x%2F%280.04%2F12%29%29%281-%281%2B0.04%2F12%29%5E%28-20%2A12%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=165.022x ALIGN=MIDDLE  ALT=\"400000=165.022x\"   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%2F165.022+ ALIGN=MIDDLE  ALT=\"x=400000%2F165.022+\"   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=2423.92 ALIGN=MIDDLE  ALT=\"x=2423.92\"   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=2423.92 ALIGN=MIDDLE  ALT=\"2423.92\"   DISABLED_style= \"max-width:90%; height:auto;\" > each month for <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20+ ALIGN=MIDDLE  ALT=\"20+\"   DISABLED_style= \"max-width:90%; height:auto;\" >years\r<BR>\n" );
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