How much would a business have to invest in a fund to receive $13,000 at the end of every month for 5 years? The fund has an interest rate of 5.25% compounded monthly the first withdrawal is to be made in 3 years and 1 month. Round to the nearest cent Question 2 of 7 Joshua purchased an annuity that had an interest rate of 3.50% compounded semi-annually. It provided him with payments of $2,000 at the end of every month for 7 the first withdrawal is to be made in 3 years and 1 month, how much did he pay for it? Round to the nearest cent