Find the amount that should be set aside today to yield the desired future amount. Use...

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Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount needed $2,000 Interest rate 2% Compounding period semiannually Investment time 5 years Click here to view page 1 of the table. Click here to view page 2 of the table. The amount that should be set aside today is $ 1723.34. (Round to the nearest cent as needed.) Present value of $1.00 (page 1) Present value of $1.00 (page 2) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Rate per period Periods 1% 1.5% 2% 2.5% 3% 0.99010 0.98522 0.98039 0.97561 0.97087 0.98030 0.97066 0.96117 0.95181 0.94260 0.97059 0.95632 0.94232 0.92860 0.91514 0.96098 0.94218 0.92385 0.90595 0.88849 0.95147 0.92826 0.90573 0.88385 0.86261 0.94205 0.91454 0.88797 0.86230 0.83748 0.93272 0.90103 0.87056 0.84127 0.81309 0.92348 0.88771 0.85349 0.82075 0.78941 0.91434 0.87459 0.83676 0.80073 0.76642 0.90529 0.86167 0.82035 0.78120 0.74409 0.89632 0.84893 0.80426 0.76214 0.72242 0.88745 0.83639 0.78849 0.74356 0.70138 0.87866 0.82403 0.77303 0.72542 0.68095 0.86996 0.81185 0.75788 0.70773 0.66112 0.86135 0.79985 0.74301 0.69047 0.64186 Periods 1 2 5 6 7 8 9 10 11 12 13 14 15 16 0.85282 0.78803 0.72845 0.67362 0.62317 16 17 0.84438 0.77639 0.71416 0.65720 0.60502 17 18 0.83602 0.76491 0.70016 0.64117 0.58739 18 19 0.82774 0.75361 0.68643 0.62553 0.57029 19 20 0.81954 0.74247 0.67297 0.61027 0.55368 20 Rate per period 4% 5% 6% 8% 10% 0.96154 0.95238 0.94340 0.92593 0.90909 0.92456 0.90703 0.89000 0.85734 0.82645 0.88900 0.86384 0.83962 0.79383 0.75131 0.85480 0.82270 0.79209 0.73503 0.68301 0.82193 0.78353 0.74726 0.68058 0.62092 0.79031 0.74622 0.70496 0.63017 0.56447 0.75992 0.71068 0.66506 0.58349 0.51316 0.73069 0.67684 0.62741 0.54027 0.46651 0.70259 0.64461 0.59190 0.50025 0.42410 0.67556 0.61391 0.55839 0.46319 0.38554 0.64958 0.58468 0.52679 0.42888 0.35049 0.62460 0.55684 0.49697 0.39711 0.31863 0.60057 0.53032 0.46884 0.36770 0.28966 0.57748 0.50507 0.44230 0.34046 0.26333 0.55526 0.48102 0.41727 0.31524 0.23939 0.53391 0.45811 0.39365 0.29189 0.21763 0.51337 0.43630 0.37136 0.27027 0.19784 0.49363 0.41552 0.35034 0.25025 0.17986 0.47464 0.39573 0.33051 0.23171 0.16351 0.45639 0.37689 0.31180 0.21455 0.14864 Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount needed $2,000 Interest rate 2% Compounding period semiannually Investment time 5 years Click here to view page 1 of the table. Click here to view page 2 of the table. The amount that should be set aside today is $ 1723.34. (Round to the nearest cent as needed.) Present value of $1.00 (page 1) Present value of $1.00 (page 2) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Rate per period Periods 1% 1.5% 2% 2.5% 3% 0.99010 0.98522 0.98039 0.97561 0.97087 0.98030 0.97066 0.96117 0.95181 0.94260 0.97059 0.95632 0.94232 0.92860 0.91514 0.96098 0.94218 0.92385 0.90595 0.88849 0.95147 0.92826 0.90573 0.88385 0.86261 0.94205 0.91454 0.88797 0.86230 0.83748 0.93272 0.90103 0.87056 0.84127 0.81309 0.92348 0.88771 0.85349 0.82075 0.78941 0.91434 0.87459 0.83676 0.80073 0.76642 0.90529 0.86167 0.82035 0.78120 0.74409 0.89632 0.84893 0.80426 0.76214 0.72242 0.88745 0.83639 0.78849 0.74356 0.70138 0.87866 0.82403 0.77303 0.72542 0.68095 0.86996 0.81185 0.75788 0.70773 0.66112 0.86135 0.79985 0.74301 0.69047 0.64186 Periods 1 2 5 6 7 8 9 10 11 12 13 14 15 16 0.85282 0.78803 0.72845 0.67362 0.62317 16 17 0.84438 0.77639 0.71416 0.65720 0.60502 17 18 0.83602 0.76491 0.70016 0.64117 0.58739 18 19 0.82774 0.75361 0.68643 0.62553 0.57029 19 20 0.81954 0.74247 0.67297 0.61027 0.55368 20 Rate per period 4% 5% 6% 8% 10% 0.96154 0.95238 0.94340 0.92593 0.90909 0.92456 0.90703 0.89000 0.85734 0.82645 0.88900 0.86384 0.83962 0.79383 0.75131 0.85480 0.82270 0.79209 0.73503 0.68301 0.82193 0.78353 0.74726 0.68058 0.62092 0.79031 0.74622 0.70496 0.63017 0.56447 0.75992 0.71068 0.66506 0.58349 0.51316 0.73069 0.67684 0.62741 0.54027 0.46651 0.70259 0.64461 0.59190 0.50025 0.42410 0.67556 0.61391 0.55839 0.46319 0.38554 0.64958 0.58468 0.52679 0.42888 0.35049 0.62460 0.55684 0.49697 0.39711 0.31863 0.60057 0.53032 0.46884 0.36770 0.28966 0.57748 0.50507 0.44230 0.34046 0.26333 0.55526 0.48102 0.41727 0.31524 0.23939 0.53391 0.45811 0.39365 0.29189 0.21763 0.51337 0.43630 0.37136 0.27027 0.19784 0.49363 0.41552 0.35034 0.25025 0.17986 0.47464 0.39573 0.33051 0.23171 0.16351 0.45639 0.37689 0.31180 0.21455 0.14864