Kavita has made monthly deposits of $$275$ at the end of each period into a savings plan for the last $13$ years and has earned $4\mathrm{.}9\%$ compounded monthly. She will now make withdrawals at the end of every six months for the next $10$ years. Interest is now $5\mathrm{.}25\%$ compounded semiannually. Find the size of the withdrawals if she uses all the money in this plan.

Now, $,i=\frac{0\mathrm{.}0525}{2},n=10x^2=20$

$A_n=\frac{R[1-(1+i{)}^{-n}{]}^2}{i},R=\frac{A_n*i}{1-(1+i{)}^{-n}}$

$A_n,R=\frac{59827\mathrm{.}600\mathrm{.}02625}{1-(1+0\mathrm{.}02625{)}^{-20}}$

$,R=$$$1570\mathrm{.}47$

$R=\frac{A_n*i}{1-(1+i{)}^{-n}}$

$R=\frac{59827\mathrm{.}600\mathrm{.}02625}{1-(1+0\mathrm{.}02625{)}^{-20}}$

X

$2$

$I=$PrI,$S=P(1+ri),P=\frac{S}{1+r1},S=P(1+i{)}^n,P=S(1+i{)}^{-n},P=\frac{S}{(1+i{)}^{n\text{'}}}$

$f=(1+i{)}^{m\text{'}}-1$

$S_n=\frac{R[(1+i{)}^{\text{'}\text{'}}-1]}{i}$

$A_n=\frac{R[1-(1+i{)}^{-n}]}{i}$ Use the formulas at the end of the page