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Use the present value formula to determine the amount to be invested now, or the present value needed.The desired accumulated amount is $50,000 after 11

Use the present value formula to determine the amount to be invested now, or the present value needed.The desired accumulated amount is

$50,000 after 11 years invested in an account with 4.4% interest compounded monthly.

(Round to the nearest cent as needed.)

The amount to be invested now, or the present value needed, is ??

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