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Tony Ring wants to attend Northeast College. He will need $60,0005 years from today. Assume...

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Accounting

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Tony Ring wants to attend Northeast College. He will need $60,0005 years from today. Assume Tony's bank pays 8% interest compounded semiannually. What must Tony deposit today so he will have $60,000 in 5 years? (Use the Table 12.3 provided.) Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount. Complete the ordinary annuity. (Please use the following provided Table.) Note: Do not round intermediate calculations. Round your answer to the nearest cent

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