Question: please answer parts A & B A student needs $5000 every six months to pay living expenses while at college. It will take him 6

please answer parts A & B

A student needs $5000 every six months to pay living expenses while at college. It will take him 6 years to complete his degree. Find the (a) lump sum that must be deposited to meet this need and (b) the interest earned assuming 12% per year, compounded semiannually. Click here to view page 1 of the present value of an annuity table. Click here to view page 2 of the present value of an annuity table. (a) The lump sum is approximately $ (Round to the nearest cent as needed.)

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