You will deposit $15,000 today. It will grow for 9 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the next 7 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.)
$8,691
$5,444
$6,699
$3,620