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Ivan is going to invest to help with a down payment on a home. How much would he have to invest to have $ 5

Ivan is going to invest to help with a down payment on a home. How much would he have to invest to have $

58, 700

after

9

years, assuming an interest rate of

1.79 %

compounded monthly?

Do not round any intermediate computations, and round your final answer to the nearest dollar.

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