Question: Use the present value formula to determine the amount to be invested now, or the present value needed The desired accumulated amount is $80,000 after

Use the present value formula to determine the amount to be invested now, or the present value needed The desired accumulated amount is $80,000 after 10 years invested in an account with 3% interest compounded annually The amount to be invested now, or the present value needed, is $ (Round to the nearest cent as needed.)

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