How much money should be deposited today in an account that earns 4.5% compounded monthly so that it will accumulate to $12,000 in three years? (1) Click the icon to view some finance formulas. The amount of money that should be deposited is $ In the provided formulas, A is the balance in the account after t years, P is the (Round up to the nearest cent.) Formulas principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. A=P(1+nr)ntP=(1+nr)ntAA=PertY=(1+nr)n1 Print Done