Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 8 years starting at the end of 6 years. How much is Mr. Ramos's savings if the interest rate is 3% converted semi-annually? Round off...

Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 8 years starting at the end of 6 years. How much is Mr. Ramos's savings if the interest rate is 3% converted semi-annually? Round off your answer in two decimal places.

Extracted text: Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 8 years starting at the end of 6 years. How much is Mr. Ramos's savings if the interest rate is 3% converted semi-annually? Round off your answer in two decimal places.