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I know that in 8 years I will need $70,000 to buy a wine cellar. I happen to find a bank that offers 28%interest compounded

I know that in 8 years I will need $70,000 to buy a wine cellar. I happen to find a bank that offers 28%interest compounded semiannually. How much do I need to deposit today in order to have enough to pay for my wine cellar?

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