Question 1165313
you have 400,000.
the interest rate is 8% per year,
8% * 400,000 = .08 * 400,000 = 32000


you should be able to withdraw 32000 at the end of each year without decreasing the amount in your account.


balance starts with 400,000
at the end of the first year, interest is 8% of 400,000 = 32,000
balance becomes 432,000
withdraw 32,000
balance becomes 400,000
at the end of the second year, interest is 8% of 400,000 = 32,000
balance becomes 432,000
withdraw 32,000
balance becomes 400,000
etc.....