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A friend would like to return to school full time beginning in four years. Your friend will need $ 1 0 , 0 0 0

A friend would like to return to school full time beginning in four years. Your friend will need $

10, 000

per semester for each of the four years beginning in four years. How much should your friend invest for each of the next four years at

4 %

compounded semiannually?

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