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* Please answer FULL question and make the answers clear and readable. I will provide positive feedback :) . A young couple wants to have
* Please answer FULL question and make the answers clear and readable. I will provide positive feedback :) .
A young couple wants to have a college fund that will pay $40,000 at the end of each half-year for 8 years.
If they can invest at 6%, compounded semiannually, how much do they need to invest at the end of each 6-month period for the next 18 years in order to begin making their college withdrawals 6 months after their last investment? (Round your answer to the nearest cent.)
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