A 11-year-old child received an inheritance of $4000 per year. This was to be invested and allowed to accumulate until the child reached 21 years of age. The first payment was made on the child's 11th birthday and the last on the 21st birthday. If the money was invested at 5.3% compounded annually, what did the child receive at age 21? (Round your final answer to two decimal places.) $ Need Help? Watch It Talk to a Tutor Additional Materials eBook 16. [-/0.47 Points] DETAILS ROLFFM8 5.4.032. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A druggist borrows $3500 from a bank to stock her drugstore. The interest rate is 8% compounded semiannually with payments due every 6 months. She wants to repay the loan in 30 months. How much are the semiannual payments? (Round your final answer to two decimal places.) $ Need Help? Talk to a Tutor Additional Materials eBook