1. (20 points) You make semiannual withdrawals from an account starting in month 6 for $500 and increasing by $100 each semiannual period thereafter until end of year 4. The account pays 12% compounded monthly (calculate and write in the test the exact effective interest rate up to 4 decimals and then round to closest two decimal place (i.e.0523 = 0.05) to use the interest tables. How much should you deposit into the account now if you want to have a balance in the account of $1500 immediately after the last withdrawal (end of year 4)