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Laura Hall wants to accumulate $8,500 by the end of 12 years. If the annual interest rate is 8.50 percent and interest compounds semiannually, how

Laura Hall wants to accumulate $8,500 by the end of 12 years. If the annual interest rate is 8.50 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Present value of investment $ 86,729.21

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