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Two partners agree to invest equal amounts in their business. One will contribute $10,000 immediately. The other plans to contribute an equivalent amount in
Two partners agree to invest equal amounts in their business. One will contribute $10,000 immediately. The other plans to contribute an equivalent amount in 4 years. How much should she contribute at that time to match her partner's investment now, assuming an interest rate of 6% compounded semiannually? (Type an integer or decimal rounded to two decimal places as needed.)
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