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How much must be deposited today into the following account in order to have $ 6 0 , 0 0 0 in 7 years for

How much must be deposited today into the following account in order to have $60,000 in 7 years for a down payment on a house? Assume no additional deposits are made.
An account with monthly compounding and an APR of 7%
$ should be deposited today.
(Do not round until the final answer. Then round to the nearest cent as needed.)
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