This test: 36 point(s) Question 22 of 36 possible This question: 1 Submit tes point(s) possible How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $14,000 in three years? i Click the icon to view some finance formulas. The amount of money that should be deposited is $ (Round up to the nearest cent.) - X Formulas 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 + * ) A P = A =Pert Y = ( 1+ 7 ) " -1 Print Done