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2.1.1 Example 2.1.4-1 Homework - Unanswered - Due Today, 11:59 PM Mr. Smith wishes to accumulate $40,000 at the end of 18 years to pay

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2.1.1 Example 2.1.4-1 Homework - Unanswered - Due Today, 11:59 PM Mr. Smith wishes to accumulate $40,000 at the end of 18 years to pay for his daughter's college. He will make semi-annual deposits of X into a fund earning an annual nominal interest rate of 8% compounded semi-annually, with the first payment made six months from today. Calculate X. (use decimal number, rounded to the nearest 1000th, without \$ sign, such as 123.456)

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