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Suppose you invest in a fund which . compounds at a rate of 1% at the end of every odd-numbered month (January, March, May, July,
Suppose you invest in a fund which . compounds at a rate of 1% at the end of every odd-numbered month (January, March, May, July, September, November), and . compounds at a rate of 4% at the end of every even-numbered month (February, April, June, August, October, December). How much do you need to invest on January 1st so that you have $1000 by June 1st of the same year? (Round your answer to two decimal places)
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