Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $65,000 after 10 years invested in an account with 3% 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 $65,000 after 10 years invested in an account with 3% interest compounded semiannually. The amount to be invested now, or the present value needed, is $. (Round to the nearest cent as needed.)