How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $11,000 in three years?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $11,000 in three years?

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