25. NEW ROOF The manager of an apartment complex esti- mates she will need a new roof on one of the buildings in 5 years. Today it would cost $52,000 to reroof the building, but the cost is increasing...

Extracted text: 25. NEW ROOF The manager of an apartment complex esti- mates she will need a new roof on one of the buildings in 5 years. Today it would cost $52,000 to reroof the building, but the cost is increasing at 8% per year. Find the semian- nual payments needed to accumulate the necessary funds at 5% compounded semiannually. Round to the nearest dollar at each step.