Get detailed and reliable answers to your questions on IDNLearn.com. Ask your questions and receive comprehensive, trustworthy responses from our dedicated team of experts.

Find how much money needs to be deposited now into an account to obtain $6,100 (Future Value) in 10 years if the interest rate is 4% per year compounded semi-annually (2 times per year).

The final amount is $4,107.64

Round your answer to 2 decimal places?