Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $8,000 after 9 years invested in an account with 5% interest...

6.

Extracted text: Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $8,000 after 9 years invested in an account with 5% interest compounded semiannually O A. $12,477.27 O B. $5,156.87 O C. $2,870.67 O D. $5,129.33