Solve the problem.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 14 years. Assume that money can be deposited at 6% per year compounded semiannually. What exact amount will Gretta need in 13 years?

A. $234,551.37
B. $239,855.63
C. $229,087.88
D. $598,782.00


Answer: A

Mathematics

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