Dewey sykes plans to open a business in 8 years when he retires. how much must he invest today to have $7,000 when he retires if the bank pays 3% annually, compounded semiannually? click on the icon to view the present value of $1.00 table.
iii 14 of 20 (0 complete) ► n eight yea lue of $1.0 present value of $1.00 o the near periods 10 rate per period 0.5% 1% 1.5%
dewey sykes must invest $ . (round to the nearest cent as needed.)