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2 Q wed Sheila wants to withdraw $ 1000 at the beginning of each month period for 4 years. If the withdrawals are to begin

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2 Q wed Sheila wants to withdraw $ 1000 at the beginning of each month period for 4 years. If the withdrawals are to begin 10 years from now and interest is 5% compounded semi-annually, how much must she deposit today in order to make the withdrawals tof 7 B 1 F Step 1: PV = PMT(1-(1+p)-mtyp step2.c/y = 2 p/y =12 1 = 5% PMT = S1000

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