An account paying 3.2% interest compounded semiannually has a balance of $32,675.12. Determine the amount that can be withdrawn from the account semiannually for 5 years. Assume ordinary annuity and round to the nearest cent.
a.
$3,505.80
b.
$3,561.90
c.
$3,039.09
d.
$2,991.23