How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $13,000 in three​ years?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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How much money should be deposited today in an account that earns
3%
compounded semiannually so that it will accumulate to
$13,000
in three​ years?
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round to the nearest hundredet

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