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The nominal interesi rate is 12% compounded semiannually. What amount will need to be deposited every six months to be able to have enough money

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The nominal interesi rate is 12% compounded semiannually. What amount will need to be deposited every six months to be able to have enough money to pay threo annility paymentr of 55,000 for threo years beginning at the end of yoar seven? The deposits begin now and continue every six months until six doposits have been made. The amount to be deposted every six months is : (Roud to the nearest dollar.)

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