Parents agree to invest $400 (at 6%, compounded semiannually) for their son on the december 31 or june 30 following each semester that he makes the dean's list during his 4 years in college. if he makes the dean's list in each of the 8 semesters, how much money will his parents have to give him when he graduates?

On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was: