Question: Michael plans to retire in 10 years. When he does, he would like to withdraw $2,500 at the beginning of each quarter for 20 years

Michael plans to retire in 10 years. When he does, he would like to withdraw $2,500 at the beginning of each quarter for 20 years after he retires. If interest is 2.25% compounded semi-annually, how much must he deposit at the end of each month for the 10 years leading up to his retirement?

PMT setting (BGN or END)	A	A
N	A	A
I/Y	A	A
P/Y	A	A
C/Y	A	A
PV	A	A
PMT	A	A
FV	A	A

A = Answers (need answers on all A)

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