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Word Problem 19-10 [LU 19-2 (2) Sam Long anticipates he will need approximately $225,600 in 15 years to cover 3 year old daughter's college bills

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Word Problem 19-10 [LU 19-2 (2) Sam Long anticipates he will need approximately $225,600 in 15 years to cover 3 year old daughter's college bills for a 4-year degree How much would he have to invest today at an interest rate of 6 percent compounded semiannual (Do not round Intermediate calculations. Round your answer to the nearest cent.) 200.137.15

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