Find the future amount that should be set aside today to yield the desired future amount.
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Mathematics, 30.08.2019 19:30 angelinamadriga
Find the future amount that should be set aside today to yield the desired future amount.
future amount needed - $6,000
interest rate - 2%
compounding period - semi annually
investment time - 2 years
i present value of $1.00 rate per period periods 0.5% 1% 1.5% 2% 2.5% 3% 4% 5% 6% 8% 10% 12% 0.99502 0.99010 0.98522 0.98039
the present value is $ . (round to the nearest cent as needed.)
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