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Present Value-1 (similar to) Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount Interest
Present Value-1 (similar to) Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount Interest Compounding investment time needed period rate 3% semiannually 5 years $4,000 Click here to view page 1 of the table. Click here to view page 2 of the table. The amount that should be set aside today is s (Round to the nearest cent as needed.)
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