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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...

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

This question was asked on Mar 30, 2010.

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