Question 1200366
you will be able to withdraw 2827.12 ad the end of each momnth or you will be able to withdraw 2810.72 at the end of each month.


here are the results from using the calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


<img src = "http://theo.x10hosting.com/2023/021401.jpg">


<img src = "http://theo.x10hosting.com/2023/021402.jpg">


your inputs are:


pv = -400,000
fv = 0
np = 25 years * 12 months per year = 300 months
ir = 7% per year / 12 = .58333333333% permonth
payment is at the end of the year or at the beginning of the year.


the pv is negative because it's money that you put inot the account.
the payment is positive because it's money you withdraw from the account.


pv means present value
fv means future value
np means number of time periods
pmt means payment
ir means persent interrest.


interest is assumed to be compounded monthly if withdrawal is monthly.