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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: $4,000 Interest Rate: 4%
Find the amount that should be set aside today to yield the desired future amount. Use the table.
Future amount needed: $4,000
Interest Rate: 4%
Compounding Interest: Semiannually
Investment Time: 2 Years
The amount that should be set aside today is $(Round to the nearest cent as needed)
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