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Shane wants to invest money in an investment account paying 8% interest compounding semiannually. Shane would like the account to have a balance of $180,000
Shane wants to invest money in an investment account paying 8% interest compounding semiannually. Shane would like the account to have a balance of $180,000 four years from now. How much must Shane deposit to accomplish his goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1
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