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Dolores Hoovler plans to buy a home in 4 years and will need another $12,830.00 before they can do so. Given an interest rate of

Dolores Hoovler plans to buy a home in 4 years and will need another $12,830.00 before they can do so. Given an interest rate of 6.00% compounded semi-annually, how much money do they need to set aside today?

a. $10,162.56

b. $12,093.51

c. $11,418.65

d. $10,128.12

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