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You will deposit $3,000 today. it will grow for 7 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the

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You will deposit $3,000 today. it will grow for 7 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the next 5 years The annual interest rate is 6%. Your annual withdrawal will be Use Appendix A and Appendix D. (Round *PV Factor* and *FV Factor* to 3 decimal places.) $4.481 $922 $1, 234 $2.489

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