What minimum amount of money earning 9% compounded semiannually will sustain withdrawals of $1200 at the beginning

Question:

What minimum amount of money earning 9% compounded semiannually will sustain withdrawals of $1200 at the beginning of every month for 15 years?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: