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Tony Ring wants to attend Northeast College. If he deposits $ 4 0 , 7 8 1 today, how much will he have 4 years

Tony Ring wants to attend Northeast College. If he deposits $40,781 today, how much will he have 4 years from now at 12% interest compounded semiannually? (Use the Table 12.1 provided.)
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
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