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Tony Ring wants to attend Northeast College. He will need $60,000 4 years from today. Assume Tonys bank pays 12% interest compounded semiannually. What must

Tony Ring wants to attend Northeast College. He will need $60,000 4 years from today. Assume Tonys bank pays 12% interest compounded semiannually. What must Tony deposit today so he will have $60,000 in4 years?

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