(Solution) - Ralph Benke wants to make eight equal semiannual withdrawals of -(2025 Original AI-Free Solution)

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Ralph Benke wants to make eight equal semiannual withdrawals of $8,000 from a fund that will earn interest at 11% compounded semiannually.

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How much would Benke have to invest on:
1. January 1, 2007 if the first withdrawal is made on July 1, 2007?
2. July 1, 2007 if the first withdrawal is made on July 1, 2007?
3. January 1, 2007 if the first withdrawal is made on January 1, 2010?