Use the present value formula to determine the amount to be, Financial Management

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Use the present value formula to determine the amount to be

Use the present value formula to determine the amount to be invested? now, or the present value needed.

The desired accumulated amount is ?$110, 000 after 6 years invested in an account with 7% interest compounded quarterlyquarterly.

The amount to be invested? now, or the present value? needed, is ?$nothing.

?(Round to the nearest cent as? needed.)

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