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1. Alissa wants to buy a phone three years from now. She plans to deposit an equal amount at the end of each quarter for

1. Alissa wants to buy a phone three years from now. She plans to deposit an equal amount at the end of each quarter for three years in order to accumulate enough money to pay for the phone She expects the phone to cost $2500 at that time. The bank pays 2.6% interest per year compounded quarterly. Find the amount of each of the 12 equal deposits she must make. [Use S = R[ (1 + i)"-1 1

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