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A woman buys an investment that pays 4% compounded semiannually. She wants $40,000 when she retires in 10 years. How much should she invest? (See

A woman buys an investment that pays 4% compounded semiannually. She wants $40,000 when she retires in 10 years. How much should she invest? (See Example 7. Find the present value.) (Round your final answer to two decimal places.)

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