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28. $ Your favorite uncle wants to give each of his favorite nieces and nephews $30,000 now while he is still alive so he

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28. $ Your favorite uncle wants to give each of his favorite nieces and nephews $30,000 now while he is still alive so he can appreciate the benefit of their gratitude. Your goal is the save the money he gives you so when you get older, you'll have money to start a family. What will be the value of your investment if the rate you can earn on your investments is 8%, compounding semi-annually for 7 years? (Round to nearest dollar)

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