Pete Air wants to buy a used Jeep in 6 years. He estimates the Jeep will cost $17,400. Assume Pete invests $12,400 now at 12% interest compounded semiannually. a. Calculate the maturity value of the investment. (Use the Table 12.1 provided.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. b. Will Pete have enough money to buy the Jeep at the end of 6 years? Yes No