Question: Please show work. Question 13 0 / 8 pts Upon the birth of a child, 50,073 dollars are placed into a college savings fund that
Please show work.
Question 13 0 / 8 pts Upon the birth of a child, 50,073 dollars are placed into a college savings fund that pays 4% interest compounded semiannually, to be completely withdrawn in the form of two (2) identical draws on the child's 18th and 20th birthdays. How much is the amount of each draw? Round your answer to the nearest whole number. Do not use currency signs such as "$." d er 53,093 margin of error +/- 1%
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