Question: please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank

please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank you

1. You are planning to accumulate 14,000,000 to purchase a home in Tokyo in 8 years with Dia-Ichi Kangyo Bank. For the next 8 years, you earn an annual return of 12% compounded semiannually. How much should you deposit with Dia-Ichi Kangyo Bank every six months?

2 Chicago Equity Partners plans to accumulate $46,275,255 towards structuring a real estate investment trust by depositing $1,500,000 at the end of each year with JPMorganChase. If Chicago Equity Partners earns 16% compounded annually on the deposited funds, how many deposits must it make?

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