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Jackie Rich would like to buy a $19,000 Toyota hybrid car in 4 years. Jackie wants to put the money aside now. Jackies bank offers

Jackie Rich would like to buy a $19,000 Toyota hybrid car in 4 years. Jackie wants to put the money aside now. Jackies bank offers 8% interest compounded semiannually. How much must Jackie invest today? (Do not round intermediate calculations. Round your answer to the nearest cent.)

****Where does the .7307 in the calculations come from?

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