Question: For the information given below, calculate the amount to be invested now. Amount required after 5 years = 120,000 Rate of interest = 4.25%

For the information given below, calculate the amount to be invested now. Amount required after 5 years = 

For the information given below, calculate the amount to be invested now. Amount required after 5 years = 120,000 Rate of interest = 4.25% Investment period = 5 years Interest compounded monthly.

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