You decided to invest into a mutual fund that pays 3% per year, compounded monthly. How much should you invest now so that after 8 years from now, you will have $2,000 in the account? (Round your answer to the nearest cent.)

You should invest $

rou decided to invest into a mutual fund that pers 3% per yeat, compeunded monhir. How much should you invest now se thet affer 6 years from now, you wall have 12,000 in the occount? (Riould your answer to the nearsit cent, You thould inveut