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Find the Amount Necessary to Fund the Given Withdrawals $380\$ 380

Question 82

Multiple Choice

Find the amount necessary to fund the given withdrawals.
-Semiannual withdrawals of $380\$ 380 for 8 years; interest rate is 5.5%5.5 \% compounded semiannually.


A) $22,770.63\$ 22,770.63
B) $2695.84\$ 2695.84
C) $9784.11\$ 9784.11
D) $4865.74\$ 4865.74

Correct Answer:

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