Your child will go to college 18 years from today. you estimate that at that time tuition will be $25,000 per year (inyears 18-21). it will have to be paid semiannually, in 8 equal installments of $12,500 each, the first payment is due exactly 18 years from now. you want to deposit an equal amount every six months in an interest bearing bank account to finance the tuition expense. you will make the first deposit six monthsfrom now and there will be 32 (semi-annual)deposits in total. the bank offers you a stated annual rate of 4.5% compounded monthly. what should be the amount of your semi-annual deposit?