Add the fractions $\frac{3}{6}+\frac{2}{8}$ and write the result in simplest form.

A) $\frac{5}{14}$
B) $\frac{5}{6}$
C) $\frac{3}{4}$
D) $\frac{1}{8}$
E) $\frac{5}{48}$

What minimum amount of money earning 7% compounded semi-annually will sustain withdrawals of $1,000 at the end of every month for 12 years?