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Tony Ring wants to attend Northeast College rHe will need $60,0004 years from today. Assume Tony's investment pays 5% interest compounded semiannually. What must Tony

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Tony Ring wants to attend Northeast College rHe will need $60,0004 years from today. Assume Tony's investment pays 5% interest compounded semiannually. What must Tony deposit today so he will have $60,000 in 4 years? Note: Do not round intermediate calculations. Round your answer to the nearest cent

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