Question
01 O63 9a
How much money should be deposited today in an account that earns 5%
compounded semiannually so that it will accumulate to $7000 in 2 years?
(Round to the nearest penny - hundredth place. For example, $123.46)
A
7000 PCI+
700U P CI +
7009 PC1
PC I+
nt
ei
0.03
OO41666667
OOMI6667 au
I
7, 73 6. 6
7a6.64
a7/000 -
CA
.6 9 71O00
7.726
r eed

Image Transcription

01 O63 9a How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $7000 in 2 years? (Round to the nearest penny - hundredth place. For example, $123.46) A 7000 PCI+ 700U P CI + 7009 PC1 PC I+ nt ei 0.03 OO41666667 OOMI6667 au I 7, 73 6. 6 7a6.64 a7/000 - CA .6 9 71O00 7.726 r eed

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