[0/2 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 12.11.022.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A bank pays 6% interest, compounded semiannually. Use the appropriate formula to find how much should be deposited (in $) now to yield an annuity payment of $700 at the beginning of each six months, for 14 years. (Round your answer to the nearest cent.) $ X Need Help? Read It Watch It Master It