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Present Value How much (in dollars) should be deposited in an account paying 7.5% interest compounded monthly in order to have a balance of $22,000

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Present Value How much (in dollars) should be deposited in an account paying 7.5% interest compounded monthly in order to have a balance of $22,000 after 9 years? (Round your answer to two decimal places.) $: Submit Answer View Previous Question Question 15 of 15

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