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Donnie's father is planning to open a savings account to pay for Donnie's college education. He has found a bank that will pay 6 percent

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Donnie's father is planning to open a savings account to pay for Donnie's college education. He has found a bank that will pay 6 percent interest compounded semi- annually. How much will he need to deposit initially so that in 17 years the balance will be $187,000? Round your answer to the nearest cent. Answer Keypad How to enter your answer (opens in new window) Keyboard Shortcut

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