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Jasmine would like to accumulate $250,000 for his retirement in 13 years. If he is promised a rate of 4.08% compounded semi-annually by his local

Jasmine would like to accumulate $250,000 for his retirement in 13 years. If he is promised a rate of 4.08% compounded semi-annually by his local bank, how much should he invest today? Round to the nearest cent

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