Question: A friend would like to return to school full time beginning in four years. Your friend will need $10,000 per semester for each of the

A friend would like to return to school full time beginning in four years. Your friend will need $10,000 per semester for each of the four years beginning in four years. How much should your friend invest for each of the next four years at 4% compounded semiannually?

$12,960
None of the other alternatives are correct
$8,535
$7,716
$6,310

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