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August Street, Inc. wants to have $3,000,000 in an account exactly 15 years from today. They will make equal quarterly payments of $20,000 beginning next
August Street, Inc. wants to have $3,000,000 in an account exactly 15 years from today. They will make equal quarterly payments of $20,000 beginning next quarter and ending in 15 years. The account earns 8.00% p.a., compounded quarterly. August Street must have $_____ in its account today.
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