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Mayuri is saving up for a new microwave. If she needs $235 in 4 months, how much money must she put in her savings account
Mayuri is saving up for a new microwave. If she needs $235 in 4 months, how much money must she put in her savings account today? Assume that the savings account pays 5% and is compounded monthly. Round your answer to two decimal places ($0.00).
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