How much money should be deposited today in an account that earns 7% compounded semiannually so that it will accumulate to $9000 in three years? Click the icon to view some finance formulas. ..... The...

Extracted text: How much money should be deposited today in an account that earns 7% compounded semiannually so that it will accumulate to $9000 in three years? Click the icon to view some finance formulas. ..... The amount of money that should be deposited is $ (Round up to the nearest cent.) Formulas In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. nt A A= P = A = Pert Y = - 1 nt r 1+.