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8. Beginning 3 months from now, you want to be able to withdraw $5,500 each quarter from your bank account to cover college expenses over
8. Beginning 3 months from now, you want to be able to withdraw $5,500 each quarter from your bank account to cover college expenses over the next 3 years. If the account pays 1.5% interest per quarter, how much do you need in your bank account today to meet your expense needs over the next 3 years? Show your work.
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