PART 1

1. Aunt Esmeralda promises to give her nephew $35,000 on his 30th birthday, 14 years from now. Aunt Esmeralda can earn 5.8% compounded semiannually. What amount could Aunt Esmeralda deposit today in a savings plan so that the plan would have required $35,000 in 14 1/2 years?

   		$6,823.13
   		$15,453.46
   		$23,123.05
   		$15,276.44

PART 2

Refer to Problem 1. If, instead, Aunt Esmeralda elects to make semiannual deposits into the plan (starting in 6 months), what is the required semiannual deposit?

		$1,976.09
		$1,604.92
		$786.15
		$763.99

PART 3

Refer to Problems 1 and 2. If Aunt Esmeralda deposits $5,000 today, what additional amount must she deposit at the end of each semiannual period?

		$528.84
		$14,819.76
		$1,548.79
		$1,085.64