You decided to invest into a mutual fund that pays 3% per year, compounded monthly. How much should you invest now so that after 6 years from now, you will have $4,000 in the account? (Round your answer to the nearest cent.) You should invest $ How many years will it take for an initial investment of $11,000 to grow to $35,400 if it is compounded daily at 12% APR? (Round your answer to the nearest tenth of a year.) It will take years