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Tony Ring wants to attend Northeast College. He will need $ 6 0 , 0 0 0 4 years from today. Assume Tony's bank pays

Tony Ring wants to attend Northeast College. He will need $60,0004 years from today. Assume Tony's bank pays 4% interest compounded semiannually.
What must Tony deposit today so he will have $60,000 in 4 years? (Use the Table 12.3 provided.)
Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount.
Amount to be deposited
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