Ajax Corporation has hired Brad O'Brien as its new president. Terms included the company's agreeing to pay retirement benefits of $17,600 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? (Please use the following provided Table and Table 12.3.) (Use 365 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Deposit amount Present value interest factor of an (ordinary) annuity of $1 per period at i% for n periods, PVIFA(1,n). 7.5% 4.5% 85% 90% 100% 8096 Period 0.5% 6.5% 20% 10% 7.0% 25% 1.5% 30% 3.5% 6,0% 5.5% 5.0% 4.0% 09132 0.9091 0.9950 0.9901 1 0.3217 0.9302 0 9852 0.9174 0.9259 0 9804 0.9569 0.9662 0.9756 0.9524 0.9615 0.9709 0.9479 0.9346 0.9390 0.9434 1.7591 1.747317356 1.9704 1 9851 1.9416 1.9559 2. 1.7711 1.7833 1.8997 1.9274 1.9135 1.7956 1.8334 1.8727 1.8861 1.8080 1.8206 1.8594 1.8463 2.9410 29702 3 25540 2.9122 2.508924869 25313 28005 2 8560 2.8839 28286 2 8016 2.7490 2.7232 2.6979 25243 26730 26485 2.7751 25771 3.9020 3.8544 3 8077 3.9505 3.7620 3.2045 3 1699 32756 3.6299 3.7171 4 32397 35052 3.5460 3.5875 3.6731 3.4651 3.3872 3.4258 3.3493 33121 5 4.8534 4.9259 3.8397 3 7900 4.7826 4.7135 3.9927 39406 4.4518 4.6458 38897 4.5151 4.3900 4.5797 4.3295 42124 4.2703 40459 4.1557 4.1002 5.7955 5 8964 5 6014 5.6972 6 5.5081 45536 5.2421 5.1579 5.4172 4.4198 4 3553 4.4859 5,0757 5.3286 4.9955 4.5229 4.8410 4.9173 4.6938 47665 6.5982 6 8621 6.3494 6.7282 7 6.1145 5.8927 6.0021 6.4720 49496 48684 5.7864 6.2303 5 2064 5.6830 5.1185 5.5824 50330 5.2966 5 3893 5.4845 7.1701 7.6517 7 8230 8 7.4859 6.8740 7.0197 7.3255 6.7327 6.5959 6.4632 5.5348 6.3346 5.6392 62098 6.0888 5.4334 5.3349 5.7466 5.8573 5.9713 8.3605 8.5660 8.7791 7.9709 9 7.7861 7.6077 8.1622 7.4353 7.2688 7.1078 6.9522 6.8017 6.6561 5.9952 6.1191 6.3789 6.5152 5.87535.7590 62469 9.4713 9.2222 8,9826 9.7304 8.7521 10 8.5302 8.3166 8.1109 7.9127 7.7217 7.5376 7.3601 7.0236 7.1888 5.8641 6.5613 5.4177 6.7101 5.2788 5.1446 9.7868 11 10.6770 10 3676 10.0711 9,5142 92526 9.0016 8.7605 8.5289 8.3064 8.0925 7.8869 7.6890 7.4987 7.3154 7.1390 5.54735.4951 5.8052 6.9690 12 11.6189 11.2551 10 9075 10.5753 10 2578 9.6633 9.9540 9.3851 9.1186 8.8633 8.6185 8.3838 8.1587 79427 7.1507 7.7353 75361 73447 6 983868137 13 12.5562 12.1337 11.7315 11.3484 10.9832 10.6350 10.3027 9.9856 9.6829 9.3936 9.1171 8.8527 8.5997 8.3577 8.1258 7.9038 7.5910 7.4859 729127.1034 14 13.4887 13.0037 12.5434 12.106211.690911 2961 10.9205 10.5631 10.2228 9.8986 9.5896 9.2950 9.0138 8.7455 8.4892 8.2442 8.0101 7.7852 7 5719 7 3667 15 14 4166 13.8651 13.3432 12.8493 12.3814 11.9379 11.5174 11.1184 10.7395 10.3797 10.0376 9.7122 9.4027 9.1079 8.8271 8.5595 8 3042 8,0607 782827 5051 16 15,3399 14.7179 14.1313 13.5777 13.0550 12.5611 12 0941 11.6523 11 2340 10 8378 10.4622 10.1059 9.7678 9.4466 9.1415 8.8514 8.5753 8.3125 806237 8237 17 16.2586 15 5623 14.9076 14 2919 13.7122 13.1661 12.6513 12. 1657 11.707211.2741 10.8646 10.4773 10.1106 9.7532 94340 9.1216 88252 8.5436 8.2750 8.0215 18 17 1728 16 3983 15,6726 14.9920 14.3534 13.7535 13.1897 12 6593 12. 1600 11.6896 11.2461 10.8276 10.4325 10.0591 9.7060 9.3719 9.0555 8.7555 8.4713 8.2014 19 18.0824 17.2260 16.4262 15,6785 149789 14.3238 13.7098 13.1339 12.5933120853 11.6077 11.1581 10.7347 10.3356 9.9591 9.5036 9.2677 8 9501 8.5496 8.3549 20 18.9874 18.0456 17.1686 16.3514 15.5892 14.8775 142124 13.5903 13.0079 12.4622 11.950411.4699 11.0185 10.5940 10.1945 9.8181 9.4633 9.1285 8.812485136 21 19.8880 18 8570 17.9001 17.011216.1845 15,4150 14 6980 14.0292134047 12.8212 12 2752 11.7641 11 2850 10.8355 10.4135 10.0168 9.6436 9.2922 8.9511 8.5487 22 20.7841 19.6504 18.6208 17.6580 16.7654 15.9369 15.1671 14 4511 13.7844 13.1630 12.5832120416 11.5352 11 0612 10.6172 10.2007 9.8098 9.4424 9 0969 8.7715 23 21.6757 20.4558 19.3309 18 292217.3321 16,4436 15.6204148568 14.1478 13.4886 128750 12.3034 11.7701 11 2722 10 8067 10 3711 9.9629 95802 9.220988832 24 22.5629 21.2434 20.0304 18.913917 8850 16.9355 16.058415 2470 14 4955 13.7986 13.1517 12 5504 11.9907 11.4693 10.9830 10.5288 10.1041 9.7066 9.33418 9847 25 23.4456 22 0232 20.7196 19.5235 18 4244 174131 16.4815 15.6221 14 828214 0939 13 4139 127834 12.1979 11.653611.1469 10.6748 10 2342 9.8226 9.4376 9.0770 26 24.3240 22.795221.3986 20.1210 18.9506 178768 16.8904 15.9828 15.1466 14.3752 13.6625 13.0032 12.3924 11 8258 11 2995 10.8100 10.3541 9.9290 9.5320 9. 1609 27 25.1980 23.5596 22.0676 20.7069 19.4640 18.3270 17.2854 16 3296 15.4513 14.6430 13 8981 132105 12.575011 9867 11 4414 10.935210 4646 10.0266 9.618392372 28 26.0677 24.3164 22.7267 21 2813 19.9649 18.7641 176670 16.6631 15.7429 14.8981 14.1214 13.406212.7465 12.1371 11.5734 11.0511 10.5665 10.1161 9.6971 9 3066 29 26.9330 25 0658 23.3761 21.8444 20.4535 19.1885 18.0358 16.9837 16.0219 15.1411 14 3331 13.5907 12.9075 12 277711.6962 11.1584 10.6603 10.1983 9.78909.3695 30 27.7941 25.8077 24.0158 22.3965 20.9303 19.6004 18 3920 17 292016 2889 15.3725 14 5337 13.7648 13 0587 12.4090 11.8104 112578 10.7468 10.2737 9.834794269 31 28.6508 26.5423 24.6461 22.9377 21.3954 20 0004 18.7363 17.5885 16 5444 15.5928 14.7239 13.9291 13.2006 12.5318 11.916611 3498 10 8256 10 3428 9.89479.4790 32 29.5033 272696 25 2671 23.4683 21 8492 20 3888 19.0689 17.8736 16.7889 15 8027 14.9042 14.0840 13.3339 12.6466 120155114350 10.9001 10 4062 9.9495 9.5264 33 30.3515 27 9897 25.8790 23.9886 22 2919 20.7658 19.3902 18.1476 17 0229 16 0025 15.0751 142302 13.4591 12.7538 12.1074 11.5139 10.9678 10.4544 9.999695694 34 31.1955 28.7027 26 4817 24 4986 22.7238 21.1318 19.7007 18.4112 17 2468 16.1929 15 2370 14,3681 13.5766 12 8540 12.1929 11.5869 110302 10 5178 10.04539 6086 35 32 0354 29.4086 27.0756 24.9986 23.1452 | 21487220.0007 18.6646 174610 16,3742 15 3906 14.4982 13.6870 12.9477 12.2725 11.6546 11.0878 10.5668 10.0870 9.6442 36 32.8710 30 1075 27.6607 25 4888 23.5563 21.8323 20 2905 18.9083 17.6660 16 5469 15.5361 14.6210 13.7906 13,0352 12 3465 11.7172 11.1408 10.6118 10.1251 9.6765 37 337025 30 7995 28 2371 259695 23.9573 22. 1672 20.570519.1426 17 8622 16.7113 15.6740 14.7368 13.8879 13.1170 12.4154 11.7752 11.1897 10.6530 10.1599 9.7059 38 34 5299 31.484728 8051 26.4406 24 3486 22.4925 20.8411 19.3679 18.0500 16.8679 15 8047 148460 13.9792 13.1935 12.4794 11.8289 11.2347 10 6900 10.1917 9.7327 39 35 3531 32 1630 29.3646 26.9026 24.7303 22 8082 21. 1025 19.5845 18 2297 17.0170 15.9287 14.9491 14.0650 13 2649 12.5390 11.8786 11 2763 10.7255 10 22079.7570 40 36.1722328347 29.9158 27 3555 25.1028 23.1148 21.3551 19.7928 18.4016 17.1591 16.0461 15.0463 14.1455 13 3317 12.5944 11.9246 11.3145 10.7574 10 2472 9.7791 41 36.9873 33.4997 30.4590 27.7995 25.4661 23.4124 21.5991 19.9931 18.5661 17 2944 16.1575 15.1380 14 2212 13 3941 12.6450 11.9672 113498 10.7866 10 2715 9 7991 42 37.7983 34. 1581 30 9941 28 2348 25,8206 23.7014 21.8349 20.1856 18.7235 17 4232 16 2630 15 2245 14 2922134524 12.6939120067113823 10813410 2935 9 8174 38.6053 34 8100 31.5212 28.6616 26.1664 23.9819 22.062720.3708 18.8742 17.5459 16-3630 15,3062 14,3588 13.5070127385 120432 11 4123 10 8380 10313898340 Period 19 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 9852 1 .9901 9804 .9709 9615 9524 9434 9346 9259 9174 9091 2 9803 9707 9612 9426 9246 9070 8900 .8734 8573 8417 8264 3 9706 9563 9423 9151 8890 .8638 8396 .8163 .7938 .7722 7513 .96 10 9422 9238 .8885 .8548 .8227 .7921 .7629 .7350 7084 6830 .9515 9283 9057 8626 8219 .7835 .7473 7130 .6806 6499 6209 9420 9145 8880 .8375 .7903 7462 1.7050 .6663 .6302 5963 5645 000 in 9327 9010 .8706 .8131 .7599 7107 6651 .6227 5835 5470 5132 8 .9235 .8877 .8535 .7307 .67 68 .6274 5820 5403 5019 4665 .7894 7664 9 .9143 .8746 .8368 .6446 .5919 .5439 -5002 4604 4241 .7026 .6756 10 .9053 .8617 .8203 .7441 .6139 5584 5083 4632 4224 3855 11 .8963 .8489 8043 .7224 .6496 5847 .5268 -4751 4289 3875 3505 12 .8874 .8364 .7885 .7014 .6246 .5568 -4970 4440 3971 3555 3186 13 .8240 7730 .6810 .6006 .5303 4688 4150 .8787 .8700 .3677 3262 2897 14 .8119 .7579 .6611 .5775 .5051 4423 3878 3405 2992 2633 15 8613 .7999 .7430 .6419. .5553 4810 4173 .3624 3152 2745 2394 16 .8528 .7880 17284 .6232 .5339 4581 3936 3387 2919 2519 2176 17 8444 .7764 -7142 .6050 .5134 4363 -3714 3166 2703 2311 1978 18 .8360 .7649 17002 .5874 4936 3503 2959 2502 2120 1799 4155 3957 19 .8277 .7536 .6864 .5703 4746 3305 2765 2317 1945 1635 20 .8195 .7425 6730 .5537 4564 .3769 -3118 2584 2145 1784 -1486 21 .8114 -7315 6598 5375 4388 .3589 2942 2415 .1987 1637 22 8034 7207 .6468 5219 4220 .1351 1228 .34.18 2775 .2257 .1839 .1502 23 .7954 7100 6342 .5067 4057 3256 .2618 2109. 1703 .1378 1117 24 7876 .6995 .6217 4919 .3901 3101 2470 1971 .1577 1264 1015 25 7798 6892 6095 4776 3751 :2953 2330 1842 1460 1160 0923