Question: Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9284.56 at

Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated.

$9284.56 at 7.2% compounded annually for 2 years

The present value is?

(Do not round until the final answer. Then round to the nearest cent as needed.)

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