0.5/1 POINTS PREVIOUS ANSWERS HARMATHAP11 6.4.027. MY NOTES ASK YOUR TEACHER A company wants to have $20,000 at the beginning of each 6-month period for the next 4 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.38%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. o ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.) $ 238672.24 x Need Help? Read It