Investing dr. bishop is saving mun est is com- dren to college. how much will he need to invest now 8% compounded quarterly if he wants the accumula is com- value of the investment to be $20,000 in 12 years? 34. investing ramero plans to buy a new car three years fro is com- now. rather than borrow at that time, he plans to invest pas of a small inheritance at 7.5% compounded semiannually to cover the estimated $6000 trade-in difference. how s com- much does he need to invest if he starts investing now? 35. investing the tanners have received an $8000 gift from one of their parents to invest in their child's college edu. cation. they estimate that they will need $20,000 in 12 years to achieve their educational goals for their chil what interest rate compounded semiannually would tanners need to achieve this goal? 36. investing when she took early retirement $50,000 from a savings plan she had company while she was still working! own business and work for herself retiring completely. she estimates th start the business sectas in mind com- veri- ded ed ton