Question: Set8 Math Finance Single Payment: Problem 10 Previous Problem List Next (1 point) In 11 months, Alex will need $1,520.00 to pay his college tuition.

Set8 Math Finance Single Payment: Problem 10 Previous Problem List Next (1 point) In 11 months, Alex will need $1,520.00 to pay his college tuition. How much does he need to invest today into an account earning an an interest rate of 6.293% compounded monthly, so that he has enough money to pay his tuition? The amount Alex needs to invest is I T (Note: Your answers should include a dollar sign and be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 7 times. Your overall recorded score is 0%. You have unlimited attempts remaining Email instructor

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