1. In 2013, Barrick Gold, a Canadian mining company, adopted a plan to accumulate a remediation fund beginning Aug. 2, 2018 at an estimated cost of $32 million. Barrick plans to make equal semiannual payments into a fund earning 5.2% interested compounded semiannually. The first deposit is scheduled for Aug. 1, 2013. Determine the required semiannual deposit. First determine how many payments Barrick will be making. Assume the last payment is made on Feb. 1, 2018 but the funds are not needed until Aug. 1,2018. (make sure you understand the total payments will sit for six months in the bank before being withdrawn). PV = PMT = FV =