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How much must you deposit in an account today so that you have a balance of $7,953 at the end of 8 years if interest

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How much must you deposit in an account today so that you have a balance of $7,953 at the end of 8 years if interest on the account is 11% p.a., but with quarterly compounding? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your

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