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Problem Solving (PS) | Jack currently invests $425 per month in a mutual fund. He would like

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Jack currently invests $425 per month in a mutual fund. He would like to increase his monthly contribution to the equivalent of $110 per week for a one year period. Rounded to the nearest $0.01, by how much does Jack need to increase his monthly investment?

A. $15.00
B. $33.33
C. $36.67
D. $51.67
E. $76.67

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