A retirement benefit of $12,000 is to be paid every 6 months for 25 ye – McqOptions

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1.	A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually. Find_x005F_x000D_ (a) the present value to fund the end-of-period retirement benefit._x005F_x000D_ (b) the end-of-period semi-annual payment needed to accumulate Â the value in part (a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually
A.	245678
B.	234689
C.	281468.06
D.	234578
Answer» D. 234578

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