Tony Ring wants to attend Northeast College. If he deposits $50,670 today, how much will he have 5 years from now at 8% interest compounded semiannually? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Period 2 3 4 6 0.5% 1.0% 1.5% 2.0% 1.0050 1.0100 1.0150 1.0200 1.0100 1.0201 1.0302 1.0404 1.0151 1.0303 1.0457 1.0612 1.0202 1.0406 1.0614 1.0824 1.0253 1.0510 1.0773 1.1041 1.0304 1.0615 1.0934 1.1262 1.0355 1.0721 1.1098 1.1487 1.0407 1.0829 1.1265 1.1717 1.0459 1.0937 1.1434 1.1951 1.0511 1.1046 1.1605 1.2190 1.0564 1.1157 1.1779 1.2434 1.0617 1.1268 1.1956 1.2682 1.0670 1.1381 1.2136 1.2936 Future value interest factor of: 2.5% 3.0% | 3.5% | 4.0% 4.5% 5.0% 1.0250 1.0300 1.0350 1.0400 1.0450 1.0500 1.0506 1.06091.0712 1.0816 1.0920 1.1025 1.0769 1.0927 1.1087 1.1249 1.1412 1.1576 1.1038 1.1255 1.1475 1.1699 1.1925 1.2155 1.1314 1.1593 1.1877 1.2167 1.2462 1.2763 1.1597 1.1941 1.2293 1.2653 1.3023 1.3401 1.1887 1.2299 1.2723 1.3159 1.3609 1.4071 1.2184 1.2668 1.3168 1.3686 1.4221 1.4775 1.2489 1.3048 1.3629 1.4233 1.4861 1.5513 1.2801 1.3439 1.4106 1.4802 1.5530 1.6289 1.3121 1.3842 1.4600 1.5395 1.6229 1.7103 1.3449 1.4258 1.5111 1.6010 1.6959 1.7959 1.3785 1.4685 1.5640 1.6651 1.7722 1.8856 13