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A person wishes to make a single deposit P now (at n=0) into a fund that pays an annual rate of 12 % compounded annually,

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A person wishes to make a single deposit P now (at n=0) into a fund that pays an annual rate of 12 % compounded annually, such that four quarterly payments of $3,000 each are received by that person at n = 4, 5, 6 and 7(each of these periods is three months long). What single deposit P is required now ( at n=0)

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