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How much money should be deposited today in an account that earns 3.5% compounded monthly so that it will accumulate to $13,000 in three years?

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How much money should be deposited today in an account that earns 3.5% compounded monthly so that it will accumulate to $13,000 in three years? i Click the icon to view some finance formulas. The amount of money that should be deposited is $ (Round up to the nearest cent.)

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