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How much money should be deposited today in an account that earns 8% compounded semiannually so that it will accumulate to $15,000 in three years?

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How much money should be deposited today in an account that earns 8% compounded semiannually so that it will accumulate to $15,000 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.) In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. A=P(1+nr)ntP=(1+nr)ntAA=PertY=(1+nr)n1

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