Moses' Goal, When He Retires from Work in Seven Years

Multiple Choice

Moses' goal, when he retires from work in seven years, is to have $400,000 in his Retirement Fund. Assuming he achieves his goal and the fund earns 7% compounded semi-annually after he retires, what is the amount that Moses will be able to take out of his Retirement Fund at the end of every six months for 25 years after he retires?

A) $17,053
B) $24,270
C) $28,984
D) $3,053
E) $6,324