Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $5,000 after 2 years invested in an account with 4% interest...

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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 $5,000 after 2 years invested in an account with 4% interest compounded semiannually A. $4,619.23 B. $5,412.16 C. $380.77 D. $4,622.78