Sam Long anticipates he will need approximately $226,900 in 10 years to cover his 3-year-old daughter's...
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Sam Long anticipates he will need approximately $226,900 in 10 years to cover his 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% compounded semiannually? (Use the Table provided.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount Sam Long anticipates he will need approximately $226,900 in 10 years to cover his 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% compounded semiannually? (Use the Table provided.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount
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