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Benny's construction firm will need to purchase a new forklift for its construction firm operation 3.5years from now, when its new construction facility become operational.

Benny's construction firm will need to purchase a new forklift for its construction firm operation 3.5years from now, when its new construction facility become operational. If the price of the new forklift is $12,450.00 and Benny's can invest its money at 4.25% compounded monthly, how much should it put aside today to achieve its goal.

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