QID 204. 8 years from now you will need

$750,000

to renovate a rental property. At an interest rate of

9%

per year, compounded semiannually, what is the uniform amount you must deposit every 6 months so that

$750,000

will be available 8 years from? (Round answer to nearest dollar.)

QID 204. 8 years from now you will need $750,000 to renovate a rental property. At an interest rate of 9% per year, compounded semiannually, what is the uniform amount you must deposit every 6 months so that $750,000 will be available 8 years from? (Round answer to nearest dollar.)