A university expects requiring $[hun],000 to replace special…
A university expects requiring $,000 to replace specialized laboratory equipment in Lab # in years. The university plans to accumulate the required amount by making equal deposits into an investment account. At an interest rate of % per year, compounded semiannually, what uniform amount must be deposited every 6 months in order to have $,000 available at the end of years? (Round your answer to the nearest dollar.)