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How much money would you need to deposit today at 1 8 . 6 1 % annual interest compounded monthly to have $ 4 7

How much money would you need to deposit today at 18.61% annual interest compounded monthly to have $47,622 in the account after 14 years?
When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.

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