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Tim wants to have $40,000 in 6 years. If an investment pays 2.75% compounded monthly, how much would Tim have to deposit? N 1(%): PV:

Tim wants to have $40,000 in 6 years. If an investment pays 2.75% compounded monthly, how much would Tim have to deposit?

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N 1(%): PV: Pmt FV: PpY CpY

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