Ajax Corporation has hired Brad OBrien as its new president. Terms included the companys agreeing to pay retirement benefits of $18,800 at the end of each semiannual period for 12 years. This will begin in 4,015 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Brad? (Use Table and Table 12.3.) what is the deposit amount?