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How much money must be put into a bank account today that is yielding 4 . 6 2 % , compounded annually, in order to

How much money must be put into a bank account today that is yielding 4.62%, compounded annually, in order to have $1,671 at the end of 11 years?
1.896.90
2. $1016.75
3. $945.12
4. $842.79

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