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How much must be deposited on 1 June 1940 in a fund paying 4% p.a. compounded semi-annually in order to be able to make sei-annual

How much must be deposited on 1 June 1940 in a fund paying 4% p.a. compounded semi-annually in order to be able to make sei-annual withdrawals of R500 each beginning 1 June 1955 and ending 1 December 1970? A. R6458.25 B. R6331.62 C. R6607.65 D. R6029.82 E. None of these

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