Question:
Use the present value formula to determine the amount to be
Last updated: 7/13/2022
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Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $85,000 after 10 years invested in an account with 6% interest compounded semiannually. The amount to be invested now, or the present value needed, is $ (Round to the nearest cent as needed.)