Cash Flow Amounts

On January 1, 2019, Philip Holding invests $40,000 in an annuity to provide 8 equal semi-annual payments. Interest is 10%, compounded semiannually.

Round your answers to two decimal places.

Required:

Compute the equal semiannual amounts that Philip will receive assuming that the first withdrawal is to be received on:

1. July 1, 2019

   $ fill in the blank 1

2. January 1, 2019

   $ fill in the blank 2

3. July 1, 2022

   $ fill in the blank 3

4. January 1, 2024

   $ fill in the blank 4