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An investor will need $5,000 in exactly four years. To reach this goal, the investor will place a one time, lump sum in an account

An investor will need $5,000 in exactly four years. To reach this goal, the investor will place a one time, lump sum in an account today. The account will pay 2.40% APR with monthly compounding. How much should the investor place in the account today to reach the goal?

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