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Kim invested a sum of money 4 yr ago in a savings account

Question - Kim invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded monthly. Her investment is now worth $19,830.81. How much did she originally invest? (Round your answer to the nearest cent.)

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Accounting Basics: Kim invested a sum of money 4 yr ago in a savings account

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