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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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