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A lump sum of money is deposited today so that $550 can be withdrawn per quarter for 7 years, with the first withdraw made 3

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A lump sum of money is deposited today so that $550 can be withdrawn per quarter for 7 years, with the first withdraw made 3 months from today. The effective interest rate is 0.62% per quarter. The lump sum of money that needs to be deposited today is $ Leave your answer as a positive value

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