26 How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $14,000 in three​ years?   The amount of money that should be deposited is ​$________. ​(Round up to the nearest​ cent.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
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26

How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $14,000
in three​ years?
 
The amount of money that should be deposited is
​$________.
​(Round up to the nearest​ cent.)
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