Question 1202840
you will be able to withdraw 3822.61 at the end of each month for 180 months.


i used the online calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a> to get these results.


inputs were:
present value = -400,000
future value = 0
number of time periods = 15 years * 12 months per year = 180 months.
interest rate per time period = 8 / 12 = .666666666666667% per momth.
payments are made at the end of each time period.
output was payment per time period.


here' what the results looked like.


<img src = "http://theo.x10hosting.com/2023/062111.jpg" >