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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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