Kim invested a sum of money 5 yr ago in a savings account


Kim invested a sum of money 5 yr ago in a savings account that has since paid interest at the rate of 8%/year compounded monthly. Her investment is now worth $25,327.38. How much did she originally invest? (Round your answer to the nearest cent.)

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Business Management: Kim invested a sum of money 5 yr ago in a savings account
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