$($a$)$ How much $($in $ $)$ must be set aside now at $8\%$ interest compounded semiannually to accumulate the $$3,000,000$ in $5$ years?

$

$($b$)$ If the inflation rate on this type of equipment is $7\%$ per year, what will be the cost $($in $ $)$ of the equipment in $5$ years, adjusted for inflation? $

$($c$)$ Use the inflation$-$adjusted cost of the equipment to calculate how much $($in $$)$ must be set aside now. $ calculation.$)$ $

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