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Sam Long anticipates he will need approximately $225,700 in 10 years to cover his 3-year-old daughter's college bills for a 4-year degree. How much would

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Sam Long anticipates he will need approximately $225,700 in 10 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 10 percent compounded semiannually? (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount

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