Tyler and Romina wish to have $$51000\mathrm{.}00$ available for their wedding in $3$ years. How much money should they set aside today at $7\mathrm{.}2\%$ compounded semiannually in order to reach their financial goal? $($Round your answer to the nearest cent$)$

Time Value of Money Solver

Enter the given values.

$N$:$=$

Number of Payment Periods

I: $\%=$

Solve

Annual Interest Rate as a Percent

PV: $=$

Present Value

PMT: $=$

Payment

FV: $=$

Future Value

P$/$Y:

$12$

Payments per Year

C$/$Y:

$12$

Compounding Periods per Year

$PMT$: $=$