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MATH 2053 - FINITE MATHEMATICS (1209-THEUA-MATH-2053-SEC013-6744) Homework: Homework #3 (chapter 5) 45 of 48 Score: 0 of 1 pt Instructor-created question The trustees of a

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MATH 2053 - FINITE MATHEMATICS (1209-THEUA-MATH-2053-SEC013-6744) Homework: Homework #3 (chapter 5) 45 of 48 Score: 0 of 1 pt Instructor-created question The trustees of a college have accepted a gift of $400000, but are required to deposit it in an account paying 10% per year, compounded semiannually. They may make equal withdrawals at the end of each six-month period, but the money must last 7 years. a. Find the amount of each withdrawal. b. Find the amount of each withdrawal if the money must last 8 years

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