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An amount of money was invested in an account that earns interest compounded semiannually. From...

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Accounting

An amount of money was invested in an account that earns interest compounded semiannually. From this investment, the investor could withdraw $2,000 at the start of the first 6-month period and at the start of each of the next nine, 6-month periods (a total of ten, 6-month periods), after which time, the account balance is zero.

Interest revenue generated from this arrangement equals:

A. The future value of the annuity due

B. The future value of the annuity due minus $20,000

C. $20,000 minus the present value of the annuity due

D. The present value of the annuity due minus $20,000

E. The present value of the annuity due

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