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You will deposit $7,000 today. It will grow for 10 years at 12% interest compounded semiannually. You will then withdraw the funds annually over the

You will deposit $7,000 today. It will grow for 10 years at 12% interest compounded semiannually. You will then withdraw the funds annually over the next 8 years. The annual interest rate is 10%. Your annual withdrawal will be: Use Appendix A and Appendix D to calculate the answer.

A. $5,463

B. $4,208

C. $7,455

D. $1,963

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