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