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A student needs $4000 every six months to pay living expenses while at college. It will take him 6 years to complete his degree. What

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A student needs $4000 every six months to pay living expenses while at college. It will take him 6 years to complete his degree. What amount should he set aside today in an account earning 12% per year compounded semiannually to meet his needs? Click here to view page 1 of the present value of an annuity table. Click here to view page 2 of the present value of an annuity table. The amount is approximately $ (Round to the nearest cent as needed.)

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