Question: Required information Problem 0 4 . 0 2 2 - A friend has saved for seven years Skip to question A friend tells you she
Required information
Problem A friend has saved for seven years
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A friend tells you she has saved for seven years and has a present sum of $ which she earned at the rate of per year, compounded semiannually.
Problem a Determine the equivalent amount
Determine the equivalent amount she had to start with seven years ago.Round the final answer to three decimal places.
The equivalent amount she had to start with seven years ago is $
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