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How much should Megan's dad invest in a savings account today, to be able to pay for Megan's rent for the next four years, if

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How much should Megan's dad invest in a savings account today, to be able to pay for Megan's rent for the next four years, if the rent is $400, payable at the beginning of each month? The savings account earns 3.45% compounded monthly. Round to the nearest cent

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