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You have a goal of saving money to do some home renovation in 6 years. You expect the renovation to cost $ 4 6 ,

You have a goal of saving money to do some home renovation in 6 years. You expect the renovation to cost $46,724. You plan on putting money (today) in a savings account that offers you a 4.5% APR (with monthly compounding). How much do you need to invest (today)?
To nearest $0.01
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