How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $7000 in 2 years? (Round to the nearest pen ny - hundredth place. For example, $123.46) A= PCI) 7006 PCI nt CI+ a a 700U P(I 0.03 7000 PCI PC it 00116667) ay OO41666667 OOL 7, 7a 6. 6 C 7a6.6 7,726 64- 7/000 nd he depested

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Q: compounded

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