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A company has agreed to pay $3.9 million in 5 years to settle a lawsuit. How much must it invest in an account paying 6%

A company has agreed to pay $3.9 million in 5 years to settle a lawsuit. How much must it invest in an account paying 6% annual interest compounded monthly to have that amount when it is due? What is the interest rate per period? = 0.005 (Type an integer or decimal rounded to four decimal places as needed.) The company should invest $ (Do not round until the final answer. Then round to the nearest dollar as needed. Use the answer from the previous step to find this answer.)

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