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Hank Schrader plans to invest 1,800 at the end of each 6 dash month6-month for 5 years into an account with an APR of 6.5

Hank Schrader plans to invest 1,800 at the end of each 6 dash month6-month for 5 years into an account with an APR of 6.5 percent compounded semiannuallysemiannually.

He will use this money as a down payment on a new home at the end of the 5 years. How large will his down payment be 5 years fromtoday? After 5 years, Hank will have ________ (Round to the nearest cent.)

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