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Jackie wants to purchase a lakeside condo in Cuba, MO, in 20 years. Jackie will invest in a mutual fund earning 8% compounded semiannually. How

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Jackie wants to purchase a lakeside condo in Cuba, MO, in 20 years. Jackie will invest in a mutual fund earning 8% compounded semiannually. How much will she need to deposit today in that fund to purchase her $100,000 lakeside condo? (Round your answer to the nearest cent.)

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