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Scott is going to invest to help with a down payment on a home. How much would he have to invest to have $24,700

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Scott is going to invest to help with a down payment on a home. How much would he have to invest to have $24,700 after 6 years, assuming an interest rate of 1.75% compounded monthly? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas $0

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