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Calculate the amount of money that Mary had to deposit in an investment fund growing at an interest rate of 2.50% compounded annually, to provide

Calculate the amount of money that Mary had to deposit in an investment fund growing at an interest rate of 2.50% compounded annually, to provide her daughter with $12,500 at the end of every year, for 2 years, throughout her studies. Please round your answer to the nearest cent.

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