nit $5$ Lab Homework

Question $14,13\mathrm{.}2\mathrm{.}3$

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

Future amount Interest Compounding Investment needed rate period time $$6,000,1\%,$ semiannually $2$ years Click the icon to view the present value of $$1\mathrm{.}00$ table.

The present value is $$.($Round to the nearest cent as needed.$)$

Present Value of $$1\mathrm{.}00$

$\backslash$table$[[$Periods$,0\mathrm{.}5\%,1\%,1\mathrm{.}5\%,2\%,2\mathrm{.}5\%,3\%,4\%,5\%,6\%,8\%$