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An investment company pays 8% compounded semiannually. You want to have 11,000 dollars in the future. A: how much should you deposit now to have

An investment company pays 8% compounded semiannually. You want to have 11,000 dollars in the future. A: how much should you deposit now to have that amount 5 years from now?Round to nearest cent

An investment company pays 8% compounded semiannually. You want to have $11,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? (Round to the nearest cent.)

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