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ne my work Sam Long anticipates he will need approximately $226,200 in 15 years to cover his 3-year-old daughter's college bills for a 4-year degree.

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ne my work Sam Long anticipates he will need approximately $226,200 in 15 years to cover his 3-year-old daughter's college bills for a 4-year degree. How much would he have to invest today at an interest rate of 8 percent compounded semiannually? (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount

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