Question: please show all steps and solve using formulas and not excel Mr. FOFA's father is willing to send his second son/daughter to a famous engineering

please show all steps and solve using formulas and not excel

Mr. FOFA's father is willing to send his second son/daughter to a famous engineering college for B.E. Programme and he got to know that it costs 4,50,000/- per year for the next four years. Mr. FOFA's father also got to know that Mr. FOFA is doing FOFA course at BHPC, therefore, the father asked Mr. FOFA to calculate how much he has to invest today so that he will be able to get 4,50,000/- on the last day of every year to pay his second son/daughter fee for the next four years if the annual interest rate is 7.75% and compounding frequency is semi-annual. (5 Points)

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