Ralph Benke wants to make 8 equal semiannual withdrawals of $8,000 from a fund that will earn interest at 11% compounded semiannually. Required: How much would Ralph have to invest on: Round your answers to two decimal places. January 1, 2016, if the first withdrawal is made on July 1, 2016 $ 50,676.53 July 1, 2016, if the first withdrawal is made on July 1, 2016 $ January 1, 2016, if the first withdrawal is made on January 1, 2019 $