A sinking fund is established to discharge a debt of $80,000 in 5 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 8%, compounded semiannually, what is...

A sinking fund is established to discharge a debt of $80,000 in 5 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 8%, compounded semiannually, what is the amount of each deposit? (Round your answer to the nearest cent.)