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During a three year period when your income was high you were able to deposit $1200...

During a three year period when your income was high you were able to deposit $1200 at the end of each month in an account earning 12% compounded monthly.Your income went down and you could not continue the deposits. Moreover, the interest rate on your accumulated deposits fell to 8% compounded quarterly and remained at this rate for 14 years, at which time you decided to exhaust the account by withdrawing equal amounts at the end of every six months for 5 years. The interest rate was 8% compounded semiannually over the time of the withdrawals. How much did you withdraw every six months?

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