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5. 1/2 POINTS PREVIOUS ANSWERS HARMATHAP12 6.4.049.MI. MY NOTES | ASK YOUR TEACHER The semiannual tuition payment at a major university is expected to be

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5. 1/2 POINTS PREVIOUS ANSWERS HARMATHAP12 6.4.049.MI. MY NOTES | ASK YOUR TEACHER The semiannual tuition payment at a major university is expected to be $37.000 for the years beginning 18 years from now. What lumo sum payment should the university accept now, in lieu of tuition payments beginning 18 years, 6 months from now? Assume that money is worth 5, compounded semiannualy, and that tuition is paid at the end of each half year for 4 years. (Round your answer to the nearest cont.) $ 109002.80 x

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