You have discovered an investment opportunity that earns a 6% rate of interest compounded semiannually. What amount should you deposit today to have $4,000 in three years? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.)
A) $3,358
B) $3,346
C) $3,350
D) $3,280
Correct Answer:
Verified
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