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You are planning to buy a house in 8 years. You would like to be able to make a down payment of $34,000. The stated

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You are planning to buy a house in 8 years. You would like to be able to make a down payment of $34,000. The stated interest rate is 5% (APR). If interest is compounded semi-annually, how much will you need to invest today to be able to make your down payment? Enter your response below rounded to two decimal places

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