The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date.Find the present value of $10,000 if interest is paid at a rate of 8% per year, compounded semiannually, for 4 years. (Round your answer up to the nearest cent.) An investment of $3000 is deposited into an account in which interest is compounded monthly. Complete the table by filling in the amounts to which the investment grows at the indicated interestrates. (Round your answers to the nearest cent.)t = 4 yrRateper yearAmount1%$ 3122.382%3%$4%5%6%X X x X x%24%24%24%24

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The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date. Find the present value of $10,000 if interest is paid at a rate of 8% per year, compounded semiannually, for 4 years. (Round your answer up to the nearest cent.)