12.807.14 QUESTIONS Brad wants to have $12,713 available as a down payment for a house in 5 years. How much must he deposit now at 8.3% compounded monthly to reach that goal? Round final answer to the nearest cent (2 decimal places) Click Save and Submit to save and submit. Click Save All Anito sa alla Type here to search - 7500 (1-09 5001 0.0125 75000 1.0125) 9615.279 The $9615.28 when working a problem like this. It's important not to round Intermediate values, that is the numbers that ome up during a calculation. This is because in an exponential model, small errors in the input values can come lange errors in the output values. In fact, it's a good idea to take advantage of your calculator's ability erform long calculations by entering the whole expression. Once we have FV = 7300 ( 12 enre than our calculator as 750001 +0.054)*(4 * 5) aror will directly give us 9615 279... It is a good habit to enter expressions like this into the calculator with some practice, you will find that you are less likely to make mistakes this way than by copying ularne po you are paying careful attention to the parentheses as you enter them on the calculator, pen parentheses with a closing parenthesis. If you leave one out, your calculator will guess