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A company has agreed to pay $3.3 million in 6 years to settle a lawsuit. How much must it invest in an account paying 5%

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A company has agreed to pay $3.3 million in 6 years to settle a lawsuit. How much must it invest in an account paying 5% annual interest compounded monthly to have that amount when it is due? i= (Type an integer or decimal rounded to four decimal places as needed.)

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