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Mr. Saks is 32 years old. He has a 12-year-old son who wil go to college at 18 years old. Mr. Saks has to pay

Mr. Saks is 32 years old. He has a 12-year-old son who wil go to college at 18 years old. Mr. Saks has to pay 30,000 tuition fee at that time. The interest rate is 14% compounded semiannually. How much does he need to save today?

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