Question: What would the present value need to be, if you wish it to grow to $10, 000 in the account after 7 years, and the

What would the present value need to be, if you wish it to grow to $10, 000 in the account after 7 years, and the account pays 3% compounded semi-annually?

a). $1,413.29

b). $8,118.49

c). $8,130.92

d). $901.03

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