What amount needs to be invested now so that after 5 years the account has a balance of $\$ 40,000$ ? The account has a $3 \%$ interest rate per year, compounded annually.

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The Answer of What amount needs to be invested now so that after 5 years the account has a balance of $\$ 40,000$ ? The account has a $3 \%$ interest rate per year, compounded annually.

What Amount Needs to Be Invested Now So That After $40,000\$ 40,000$40,000

What Amount Needs to Be Invested Now So That After $\$ 40,000$