the trustees of a college have accepted a gift of $475,000, but are required to deposit it in an account paying 6% per year, compounded semiannually. they may make equal withdrawals at the end of each six-month period, but the money must last 5 years

A). find the amount of each withdrawal.

B).Find the amount of each withdrawal if the money must last 6 years.

ction 5.5 Homework Score: 0 of 1 pt 16 of 17 (9 con Bus Econ 5.3.53 The trustees of a college have accepted a gift of $475000, but are required to deposit it in an account paying 6% per year, compounded semiannually. They may make equal withdrawals at the end of each six-month period, but the money must last 5 years. (Ra a. Find the amount of each withdrawal b. Find the amount of each withdrawal if the money must last 6 years Enter your answer in the answer box and then click Check Answer 1 pan