9. An investment in a lease offers returns of $1200 per month due at the beginning of each month for five years. What investment is justified if the returns are deferred for one years and the interest required is 3% compounded semi-annually? An investment of S Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) is justified 0. Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $4,200 with the first such payment due three years after his deposit into the fund. If the fund pays 5.5% compounded annually, how much must Alain deposit? He must deposit $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)