Recent sales of some real estate and record profits make it possible for a manufacturer to set aside $900,000 in a fund to be used for modernization and remodeling. How much can be withdrawn from this fund at the beginning of each half-year for the next 5 years of the fund earns 6.6%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.) Submit Answer 13. DETAILS HARMATHAP12 6.2.041. MY NOTES ASK YOUR TEACHER A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12% compounded quarterly, how long will it take for the money to grow to $55,000? (Hound your answer to the nearest whole number.) YF