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Sam Long anticipates he will need approximately $227,100 in 12 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 $227,100 in 12 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 6 percent compounded semiannually? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount $image text in transcribed

Sam Long anticipates he will need approximately $227,100 in 12 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 6 percent compounded semiannually? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount

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