Sam Long anticipates he will need approximately 226 200 in 15 years to cover his 3 year old daughter s college bills for a 4

Question

Sam Long anticipates he will need approximately 226 200 in 15 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 8 compounded semiannually Use the Table provided Note Do not round intermediate calculations Round your answer to the nearest cent Amount

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