John already has $55,600 today in his savings account earning 5.5% compounded semiannually. The account will receive automatic monthly contributions of $560 for the next 6 years. In 3.5 years from...

Extracted text: John already has $55,600 today in his savings account earning 5.5% compounded semiannually. The account will receive automatic monthly contributions of $560 for the next 6 years. In 3.5 years from now, John will withdraw a lump sum of $5.660 from the account. a) How much will be in the account right after the withdrawal? PV - PMT FV Balance after the lump withdrawal b) How much will be in the account in 6 years from now? Balance =