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Thank you for your help. How much must be deposited today into the following account in order to have $50,000 in 5 years for a

image text in transcribedThank you for your help.

How much must be deposited today into the following account in order to have $50,000 in 5 years for a down payment on a house? Assume no additional deposits are made. An account with monthly compounding and an APR of 6% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)

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