The trustees of a college have accepted a gift of $100,000, but are required to deposit it in an account paying 10% per year, compounded semiannually. They may make equal withdrawals at the end of...

Extracted text: The trustees of a college have accepted a gift of $100,000, but are required to deposit it in an account paying 10% per year, compounded semiannually. They may make equal withdrawals at the end of each six-month period, but the money must last 5 years. (a) Find the amount of each withdrawal. (b) Find the amount of each withdrawal if the money must last 8 years. (a) The amount of each withdrawal is $ (Round your answer to the nearest cent.) (b) If the money must last 8 years, the amount of each withdrawal is $ (Round your answer to the nearest cent.)