Question: You have $ 2 0 , 0 0 0 available for investment. How much money would you have in your account at the end of

You have $20,000 available for investment. How much money would you have in your account at the end of 10 years, given the following
scenarios:
a) You invest in an account with 3% interest per year compounded semi-annually for a period of 10 years.
b) You invest in an account with 2.9778% interest per year compounded semi-annually for a period of 10 years. At the end of each year,
you withdraw $1000 from the account.
c) You invest in an account with 2.9778% interest per year compounded semi-annually for a period of 10 years. How much you have to
withdraw annually to have nothing left at the end of the period of 10 years?

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