A butcher shop knows that it must buy a new machine in 5 years. The machine costs $15,000. In order to accumulate enough money for the machine, the shop owner decides to deposit a sum of money at the end of each 6 months in an account paying 5% compounded semiannually. How much should each payment be? The deposits form an ordinary annuity because the deposits are made at the end of each period. Therefore, the formula should be used. Each payment should be $ (Do not round until the final answer. Then round to the nearest cent as needed.)