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Find the amount that should be set aside today to yield the desired future amount. Use the table. Interest Future amount needed $4,000 rate 2%
Find the amount that should be set aside today to yield the desired future amount. Use the table. Interest Future amount needed $4,000 rate 2% Compounding Investment period time semiannually 4 years Click here to view page 1 of the table. Click here to view page 2 of the table. The amount that should be set aside today is $4329.70 (Round to the nearest cent as needed) then click Check
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