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account? (Round your answer to the nearest cent.) You should invest $ You decided to invest into a mutual fund that pays 2% per year,

account? (Round your answer to the nearest cent.) You should invest \$

You decided to invest into a mutual fund that pays 2% per year, compounded monthly. How much should you invest now so that after 7 years from now, you will have $4,000 in the account? (Round your answer to the nearest cent.) You should invest $

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