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# KINDLY HELP! THANKS! A problem is listed below. Identify its type.

KINDLY HELP! THANKS!

A problem is listed below. Identify its type.

Beginning in 3 years, a new Booster Club at a certain high school would like to award an outstanding senior on the varsity soccer team with a check of $3,000 towards the student's college tuition. Since there is a boy and girl team, they wish to award one senior boy and one senior girl the same amount of money. Thus, the club will need $6,000 at the end of 3 years. How much must the booster club invest each semiannual period in an account that pays 3% per year compounded semiannually to have the desired funds in 3 years?

**a) **Present Value of an Annuity

**b) **Sinking Fund

**c) **Amortization

**d) **Future Value with compound interest

**e)**Future Value of an Annuity

**f) **None of the above.