What amount must be invested now to have $12,000 after 3 years if money is worth 6% compounded semiannually?

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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What amount must be invested now to have $12,000 after 3 years if money is worth 6% compounded semiannually?

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