Two parents agree to invest equal amounts in their business. One will contribute $10000 immediately.

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Two parents agree to invest equal amounts in their business. One will contribute $10000 immediately. The other plans to contribute an equivalent amount in 3 years, when she expects to acquire a large sum of money. How much should she contribute at that time to match her parent’s investment now, assuming an interest rate of 6% compounded semiannually?

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