Question 1201515
you will be able to pull out 3876.49 at the end of each month.
preseent value = -500,000
future value = 0
number of time periods = 20 years * 12 months per year = 240 months.
interest rate per time period = 7% / 12 = .58333333333.....% per month.
payments are received at the end of each month.


you will be able to pull out 3854.01 at the beginning of each month, if that's what you prefer.


i used the financial calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


here are the results.


<img src = "http://theo.x10hosting.com/2023/040602.jpg">


<img src = "http://theo.x10hosting.com/2023/040603.jpg">