Solve the application problem. Round to the nearest cent.Gretta wants to retire in 13 years. At that time she wants to be able to withdraw $12,500 at the end of each 6 months for 9 years. Assume that money can be deposited at 5% per year compounded semiannually. What exact amount will Gretta need in 13 years?

A. $179,417.00
B. $820,583.00
C. $187,236.12
D. $171,402.50


Answer: A

Mathematics

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