sam long anticipates he will need approximately 225,400 in 13 years to cover his 3 year okd daughters college bills for a 4 year degree. how much would he have to invest today at an interest rate of 6 percent compounded semiannually?

Sam Long anticipates he will need approximately $225,400 in 13 years to cover his 3-year-old daughter's colege bills for a 4-year degree. How much would he have to invest today at an interest rate of 6 percent compounded semiannually? (Use the Table provided.) (Do not round intermediate calculationns. Round your answer to the nearest cent.) Amount