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Suppose money grows according to the simple interest accumulation function a ( t ) = 1 + 0.04 t . How much money would you

Suppose money grows according to the simple interest accumulation function

a(t) = 1 + 0.04t.

How much money would you need to invest at time 3 in order to have $3,700 at time 8? (Round your answer to the nearest cent.)

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