An engineer deposits S2 000 per month fr our years at a rate of24% per year, compounded semiannually. How much will he be able to withdraw 10 years after his last deposit? . 2. In order to have money available for replacing their family vehicle, a couple planned to have $220,000 available in 10 years by investing in a global mutual fund. If they plan to increase their savings by 10% each year, how much must they invest in year 1 if they expect to earn 10% per year on their investments