Multiple Choice
What amount would you have to invest now at 10% compounded semi-annually in order to make withdrawals of $3,500 every half-year for eight years? The first withdrawal is to be made in six months.
A) $52,224
B) $28,000
C) $37,932
D) $36,126
E) $8,255
Correct Answer:
Verified
Correct Answer:
Verified
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