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Beginning three months from now, you want to be able to withdraw $ 2 , 5 0 0 each quarter from your bank account to

Beginning three months from now, you want to be able to withdraw $2,500 each quarter from your bank account to cover college expenses over the next 4 years. If the account pays .47 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next 4 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
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