Suppose that your bank pays 10% interest, compounded semiannually. Use Table 122 of your text to find low much should be deposited now to yield an anauity payment of $400 at the END of every six months, for 4 years. a. $3,819.64 b. $1.267.95 c. $2,585.28 d. $1.856.40 QUESTION 16 Second Hand Software needs to accumulate $12,000 in 3 years to meet future needs. What sinking fund payment would they need to make at the end of cach year, at 6% interest compounded annually? (Use Table 121 from your text) a. 54,110.34 b. 54,392.65 c. $3,769.32 d. 54,634.15 Exhibit 12-1: Timeline Illustrating Present and Future Value of an Annuity The Monty Corpontion has a staff of aales people who are paid a monthly salary of $1,600.00 plus an increniental commission based on the table below: If Sally sells $29,700.00, what is lier total gros pay for the moeth? 2,54,414.60 b. $4.114.60 c. 34.314 .60 d. $4214,60