Question: (1 point) A mutual fund pays 3% compounded monthly. How much should I invest now so that 5 years from now I will have $3700

$(1 point) A mutual fund pays 3\% compounded monthly. How much$

(1 point) A mutual fund pays 3\% compounded monthly. How much should I invest now so that 5 years from now I will have $3700 in the account? Amount =$

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