Parents agree to invest $600 (at 8%, compounded semiannually) for their son on the December 31 or June 30 following each semester that he makes the dean's list during his 4 years in college. If he makes the dean's list in each of the 8 semesters, how much money will his parents have to give him when he graduates? Round your answer to the nearest cent.

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A:

Q: Assume today is 1 September, and this is the birthday of your two children, Ashley and Alex. Ashley…

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Q: Assume today is 1 September, and this is the birthday of your two children, Ashley and Alex. Ashley…

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Q: Assume today is 1 September, and this is the birthday of your two children, Ashley and Alex. Ashley…

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