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Yaling decides that she wants to purchase a car in 5 years that will cost her $25,000. She is going to invest money today at

Yaling decides that she wants to purchase a car in 5 years that will cost her $25,000. She is going to invest money today at a 3% interest rate from her local bank. The bank pays the interest monthly. How much does Yaling need to invest today in order to have $25,000 in five years?

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