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What is the initial one-time investment, if after 7 years of investing in an account earning an interest rate of 6% compounded monthly, the account

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What is the initial one-time investment, if after 7 years of investing in an account earning an interest rate of 6% compounded monthly, the account is valued at $3420.83? A = $ P=$ (as a decimal) no #: 4 :: 5 +7 : 0.06 10.07 # 3420.83 12 H 0.12 # 5200.93 # 2250 !! 2550

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