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Suppose you decide to invest in an annuity that pays 5% interest, compounded semiannually. How much money do you need to invest semiannually to reach

Suppose you decide to invest in an annuity that pays 5% interest, compounded semiannually. How much money do you need to invest semiannually to reach a savings goal of $300,000 at the end of 25 years. Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer.

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