Business, 22.10.2019 11:00 CateL1515

Determine the amount needed such that when it comes time for retirement, an individual can make semiannual withdrawals in the amount of $15,265 for 35 years from an account paying 4.5% compounded semiannually. round your answer to the nearest cent.
a.
$938,272.00
b.
$941,790.00
c.
$535,528.03
d.
$547,577.41

Answers: 3

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Determine the amount needed such that when it comes time for retirement, an individual can make semi...