How much money should be invested in an account that earns 6% interest, compounded monthly, in order to have $16,000 in

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answerhappygod
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How much money should be invested in an account that earns 6% interest, compounded monthly, in order to have $16,000 in

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How much money should be invested in an account that earns 6%interest, compounded monthly, in order to have $16,000 in 4 years?(Round your answer to two decimal places.)
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