Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated $3000 at 7% compounded semiannually for 4 years The present value is $⬜ (Do not round until the final answer. Then round to the nearest cent as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated $3000 at 7% compounded semiannually for 4 years The present value is $⬜ (Do not round until the final answer. Then round to the nearest cent as needed.)
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