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11. [-/0.76 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Present Value How much (In dollars) should be deposited in an account paying 7.7%

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11. [-/0.76 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Present Value How much (In dollars) should be deposited in an account paying 7.7% interest compounded monthly in order to have a balance of $25,000 after 7 years? (Round your answer to two decimal places,) $ Need Help? Read It Master It

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