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Raph Benke wants to make eight equal semiannual withdrawal

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Raph Benke wants to make eight equal semiannual withdrawals os $8,000 from a fund that will earn interest at 11% compound semiannually;Required;How much would Benke have invest on;1. janaury 1,2007 if the first withdrawals is made on july 01,2007;2. July 01,2007 if the first withdrawls is made on july1,2007;3. january 1,2007 if the first withdrawals is made on january 01,2010

 

Paper#25045 | Written in 18-Jul-2015

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