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Sam Long anticipates he will need approximately $225,700 in 10 years to cover his 3-year-old daughters college bills for a 4-year degree. How much would
Sam Long anticipates he will need approximately $225,700 in 10 years to cover his 3-year-old daughters college bills for a 4-year degree. How much would he have to invest today at an interest rate of 10 percent compounded semiannually? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount $
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