Jones can deposit $5,500 at the end of each six-month period for the next 12 years and earn interest at an annual rate of 8 percent, compounded semiannually. Required: a. What will the value of the investment be after 12 years? = $214954 b. If the deposits were made at the beginning of each year, what would the value of the investment be after 12 years? = $112724 is incorrect