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5. You decide to go to graduate school after working for several years. You will not be able to work during this time so you

5. You decide to go to graduate school after working for several years. You will not be able to work during this time so you want to withdraw $3,000 at the beginning of each quarter for living expenses for the next 2 years. Assuming you could earn 4% on your investments, how much money will you need to day to be able to do this?

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Present Value

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