21. Tony Ring wants to attend Northeast College. He will need \( \$ 25,000 \) in \( 4 \) years from today. Assume Tony's bank pays \( 11 \% \) interest compounded semiannually. What must Tony deposit today so he will have \( \$ 25,000 \) in \( 4 \) years?
Pregunta
Answer
16171
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