Jackie Rich would like to buy a $28,995 Toyota hybrid car in 4 years. Jackie wants to put the money aside now. Jackies bank offers 6% interest compounded semiannually.

How much must Jackie invest today? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Present value interest factor of $1 per period at i% for n periods. PVIF(in 0.9151| 0.0019| 0.88 0.8278| 0.8 163 | 0.8050| 0.7938| 0.7829| 07722| 0.7617| 07513 21 | 07773| 0.7 0.94201 0.9145 83751 08135 0.6853 0.6663 0.6 7 | 0.9657| 0.9327| 0.90 10 | 0.8706 | 0.8413 | 0.8131 | 0.7860| 075 0.6227 5649| 0.5470| 0.5298| 0.5132 0.5403 6446| 0.6 0 4241 4440 5303| 0.49 044101 0.415 04423 | 041 0.9233| 0.8528| 0.7880| 07284| 0.6736 0.3651| 0.3387| 0.3144| 0.29 19| 0.2711 | 0.25 19| 0.2341| 0.2176 17 | 0.9187| 0.8444| 0.7764| 0.7142| 0.6572 0.5572| 0.5134| 04732| 04363| 04024| 0.3714 | 0.3428| 0.3166 0.2925 | 0.2703 4746| 043 5537| 0.5 0.1784 08114 | 0731 0.8916| 0.7954| 0.7100 1703 2401 01117 04380 0.1525 | 0.1352 6441 0.6 744| 0 43 0.3687 101 0.14 0.10731 0.0 0.0719| 00630 30 | 0.8610| 0.7419| 0.6398| 0.5521 | 0.4767| 0.4120 | 0.3563| 0.3083 0.26701 0.2314 0.200 0.1741 | 0.1512 | 0.1314 | 0.1142 | 0.0994| 0.0865| 0.0754| 0.0657| 0.0573 346| 0.6303| 0.5412 | 046 0.2204| 0.19 0.3770| 0.3213 | 0.2741 | 0.2340| 0.19 0.0919 89| 0.0677| 0.0 34 | 0.8440| 0.71 043191 0.36 13791 0.1 1751 0.1 0 0730| 0.0624 | 0.0534| 0.0457| 0039 0.1644| 0.1379| 01158 0.05541 0.04601 0.03 0.5431 43 | 0.8070 0.1507| 0.1227| 0.1000 816 | 0.0667| 0.0545| 0.0446| 44 | 0.80301 0.64541 0.519 1841 0.3374 2724| 0.2201 00338| 0.0276| 0.0226 0.0 1841 0.0 0.0552 0.0445 0.03 0.0190 0.0154 | 0012 47 | 07910 6101 0.04871 0.0 06141 | 04821 0117 | 0