Question: please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image)

please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image)

Find the amount that should be set aside today to yield the desired future amount. Future amount needed: $8,000 Interest rate: 1% Compounding period: semiannually Investment time: 2 years

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