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Number 22 please [-/1 Points] BRECMBC9 12.II.022.MI. A bank pays 6% interest, compounded semiannually. Use the appropriate formula to find how much should be deposited

image text in transcribedNumber 22 please

[-/1 Points] BRECMBC9 12.II.022.MI. A bank pays 6% interest, compounded semiannually. Use the appropriate formula to find how much should be deposited (in $ ) now to yield an annuity payment of $700 at the beginning of each six months, for 18 years. (Round your answer to the nearest cent.) $

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