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If you want to have $ 5 , 7 6 1 in 2 8 months, how much money must you put in a savings account

If you want to have $

5, 761

28

months, how much money must you put in a savings account today? Assume that the savings account pays

7 %

and it is compounded monthly. Round to two decimal places

(

.

000.00)

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