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34. A bank account pays 4.9% annual interest, compounded monthly. How much must be deposited now so that the account contains exactly $13,000 at the
34. A bank account pays 4.9% annual interest, compounded monthly. How much must be deposited now so that the account contains exactly $13,000 at the end of one year?
$ ___ must be deposited now so that the account contains exactly $13,000 at the end of one year.
(Do not round until the final answer. Then round to the nearest cent as needed.)
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