Posted by Phan on Friday, March 18, 2011 at 6:02pm.
2. How much should be deposited now at 9% compounded semiannually to make possible withdrawals of $13,000 every 6 months for the next 12 years

Math Finite  Reiny, Friday, March 18, 2011 at 9:27pm
present value = 13000[1  1.045^24]/.045
= ....