A company wants to have $20,000 at the beginning of each 6-month period for the next 4

1 - ordinary annuity

2 - annuity due

years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.07%, compounded semiannually?(a) Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuityannuity due (b) Solve the problem. (Round your answer to the nearest cent.)