At 5% interest compounded quarterly, how much must it invest today to reach SS00 billion in 5 years? LU 12.2(2) to invest your $2.985 income tax refund check (rather than spend it) in an account earning 5% compounded semiannually. How much will the account be worth in 4 years? LU 12-12,3) 12-22. Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 7 years. He estimates the roof will cost him $900 at that time. what amount should Jim invest today at 6% compounded quarterly 12-23. Tony Ring wants to attend Northeast College. He will need $60,000 4 years from today. Assume Tony's bank pays el 12% interest compounded semi annually what mast Tony deposit t day so he will have S60 000 in 4 years? LU 12-2(2) slightly off due to rounding LU 12-13 12-25. Pete Air wants to buy a used Jeep in 5 years, He estimates the leep will cost $15,000. Assume Pete invests S10000 now at LU 12-K2, 12% interest compounded semiannually. will Pete have enough money to buy his Jeep at the end of 5 years? LU 12-212) Lance Jackson deposited ss,000 at Basil Bank at 9% interest c of 4 years? LU 12-12) 12-26, 12-27. Paul Havlik promised his grandson Jamie that he would give him $6,000 8 years from today for graduating from high school. Assume money is worth 6% interest compounded semiannually. What is the present value of this $6,000? LU 12-2(2) 12-28. Earl Ezekiel wants to retire in San Diego when he is 6s years old. Earl is now 50. He believes he will need $300,000 to retire comfortably. To date, Earl has set aside no retirement money. Assume Earl sets 6% interest compounded semiannually, How much must Earl invest today to meet his $300,000 goal? LU 12-212)