Question: Tzu-Wei wants to generate $3000. How much does he need to invest in a fund that pays 7% annual interest, compounded annually, in order to

Tzu-Wei wants to generate $3000. How much does he need to invest in a fund that pays 7% annual interest, compounded annually, in order to earn $3000 in interest in the next 7 years? Question content area bottom Part 1 The principal needed is $ enter your response here. (Round to the nearest cent as needed.)

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