Greg lawrence anticipates he will need approximately 227300, Financial Management

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Greg lawrence anticipates he will need approximately 227300

Greg Lawrence anticipates he will need approximately $227,300 in 14 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 10 percent compounded semi annually? (Do not round intermediate calculations. Round your answer to the nearest cent.)

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Financial Management: Greg lawrence anticipates he will need approximately 227300

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