Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated$3000 at 7% compounded semiannually for 4 yearsThe present...

Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated $3000 at 7% compounded semiannually for 4 years The present value is $⬜ (Do not round until the final answer. Then round to the nearest cent as needed.)