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Susan Orman wants to pay $1,470 semiannually to her granddaughter for 11 years for helping her around the house. If Susan can invest money at

Susan Orman wants to pay $1,470 semiannually to her granddaughter for 11 years for helping her around the house. If Susan can invest money at 4% compounded semiannually, how much must she invest today to meet this goal? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

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