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Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount needed Interest rate Compounding period

Find the amount that should be set aside today to yield the desired future amount. Use the table.

Future amount needed

Interest rate

Compounding period

Investment time

$3,000

2%

semiannually

3 years

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The amount that should be set aside today is $

nothing

. (Round to the nearest cent asneeded.)

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