document.write( "Question 1166599: You have $500,000 saved for retirement. Your account earns 3% interest.
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document.write( "How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
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document.write( "Round your answer to the nearest dollar.\r
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document.write( "$____ \n" );
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Algebra.Com's Answer #851161 by ikleyn(52778)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "You have $500,000 saved for retirement. Your account earns 3% interest. \n" ); document.write( "How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? \n" ); document.write( "Round your answer to the nearest dollar. \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " This problem in the post is posed INCORRECTLY and UNPROFESSIONALLY.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To be correct, the problem should describe\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " (a) how often the account is compounded,\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " and\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " (b) when the withdrawals are made - at the beginning or at the end of each month.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |