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Sharon Lee wants to accumulate $ 1 0 , 0 0 0 by the end of 1 2 years. If the annual interest rate is

Sharon Lee wants to accumulate $10,000 by the end of 12 years. If the annual interest rate is 8.0 percent and interest compounds
semiannually, how much will she have to invest today to achieve her goal? (Round intermediate calculations to 6 decimal places, e.g.
2.512512 and final answer to 2 decimal places, e.g.2,515.25.)
Present value of investment
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