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Caleb would like to accumulate $385,000 for his retirement in 15 years. If he is promised a rate of 3.69% compounded semi-annually by his local

Caleb would like to accumulate $385,000 for his retirement in 15 years. If he is promised a rate of 3.69% compounded semi-annually by his local bank, how much should he invest today?

Round to the nearest cent

Thank you

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