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The Tungston Private High School wants to build a new gymnasium and library for future students. Their goal is to raise $455000 over a 8year period for the new buildings. To achieve their goal, the school will make semiannual investments into a sinking fund that will earn 6% per year compounded semiannually for the next 8 years.

Calculate the amount of each semiannual sinking fund payment required to raise the $455000 in 8 years.

The amount of each semiannual sinking fund payment is $

Genevieve White invested $38000 at XYZ Financial Institution for a period of 5 years. XYZ Financial Institution gives an interest rate of 6.00% each year, compounded semiannually.

Calculate the total value of the investment at the end of the 6year period. Round your answer to the nearest cent.

The total value of the investment at the end of the 6year period is $

Billy Bob wants to start saving up to buy a house so he doesn't have to deal with his roommates anymore. He wants to make a down payment of $255000 for a house at the end of 10 years. After talking with a financial adviser, he was told his investment would earn 8.50% per year compounded semiannually.

Calculate the amount that Billy Bob will have to invest this year in order to obtain the $255000 in 10 years.

The amount Billy Bob will have to invest is $

Amir invested $10000 at Northwestern Funds for a 3year period. The interest rate was given at 4.00%, compounded daily. Calculate the total value of his investment at the end of the 3year period. Round your answer to the nearest cent. The total value of the investment at the end of the period is $

Scott invested $9600 at New York Financial Institution for a period of 5 years. New York Financial Institution gives an interest rate of 3.00% each year, compounded annually. Calculate the total value of the investment at the end of the 5year period. Round your answer to the nearest cent. The total value of the investment at the end of the 5year period is $

Scott invested $19100 at New York Financial Institution for a period of 6 years. New York Financial Institution gives an interest rate of 5.00% each year, compounded semiannually. Calculate the total value of the investment at the end of the 6year period. Round your answer to the nearest cent. The total value of the investment at the end of the 6year period is $

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