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Frances plans to save money for a down payment on a house using an investment account that pays an interest rate of 4 . 0

Frances plans to save money for a down payment on a house using an investment account that pays an interest rate of 4.0% per year. She wants to have $425,000 available five years from today. Frances intends to deposit an amount today and at the end of each of the next five years into her investment account (i.e. she will make a total of six deposits, all of the same amount). How much will each of these deposits be?(Enter your answer to two decimal places)

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