Question: (5 points) If a bank pays 3% compounded semi-annually, how much should be deposited now to have $1400 in 6 years from now? Amount the

(5 points) If a bank pays 3% compounded semi-annually, how much

(5 points) If a bank pays 3% compounded semi-annually, how much should be deposited now to have $1400 in 6 years from now? Amount the needs to be deposited now = $

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