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Calculate the amount of money that a person must have in a bank today (the beginning of the year) to be able to withdraw $575

Calculate the amount of money that a person must have in a bank today (the beginning of the year) to be able to withdraw $575 at the end of each quarter for the next 7 years if the bank pays interest compounded quarterly atj4= 14.8% pa. Give your answer in dollars and cents to the nearest cent.

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