A company must pay a $307,000 settement in 3 years. (a) What amount must be deposited now at 7% compounded semiannually to have enough monoy for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit $200,000 now in an account that pays interest continuously. What interest rate would they need to accumulate the entire $307.000 in 3 years? (a) The amount that must be deposited is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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