Use Table 12-2 to solve.

Analysts at Sky West Airlines did a 3 year projection of expenses. They calculated that the company will need $15,600 at the beginning of each 6 month period to buy fuel, oil, lube, and parts for aircraft operations and maintenance. Sky West can get 4% interest compounded semiannually from its bank. How much (in $) should Sky West deposit now to support the next 3 years of operations and maintenance expenses