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Deshawn's parents want to create a college fund that pays $ 2 , 1 0 0 . 0 0 paid at the end of each

Deshawn's parents want to create a college fund that pays $2,100.00 paid at the end of each quarter for 8 years, if interest is earned at a rate of 3%, compounded quarterly, how much needs to be invested now for this to happen.
Deshawn's parents need to invest $
.(Round to 2 decimal places.)

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