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How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $11,000 in three years?

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How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $11,000 in three years? Click the icon to view some finance formulas The amount of money that should be deposited is $ (Round up to the nearest cent)

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