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Ford wants to accumulate $2,000,000 in 5 years. How much should Ford deposit today if the bank pays 6% interest compounded semi-annually? *Round To Nearest

Ford wants to accumulate $2,000,000 in 5 years.

How much should Ford deposit today if the bank pays 6% interest compounded semi-annually?

*Round To Nearest Dollar.

*Please Show Work.

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