Problem
A chemical engineer wishes to set -up a special fund by making a uniform semi-annual end- of period deposits for 20 years. The fund is to provide a 100,000 at the endof each of the last five years of a 20 year period. If interest is 8% compounded semi-annually, what is the required semi-annual deposit to be made?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.