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4. Yolanda wants to make a deposit today that would be sufficient for her to make 10 annual withdrawals of $6,000 starting in one year.

4. Yolanda wants to make a deposit today that would be sufficient for her to make 10 annual withdrawals of $6,000 starting in one year. The bank pays interest at 4% pa effective for the first 4 years and then 5% pa. compounding quarterly. How much does Yolanda need to deposit today? (Correct to the nearest cent.)

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