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Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated $6000 at

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Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated $6000 at 4% compounded semiannually for 7 years CE The present value is 5 (Do not round until the final answer. Then round to the nearest cent as needed.)

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