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If you plan to apply for a master program in 3 years, which will cost you $9,814 for tuition and living expenses, how much do

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If you plan to apply for a master program in 3 years, which will cost you $9,814 for tuition and living expenses, how much do you need to deposit today? Assume that the bank will pay you interest rate of 5.4% compounded monthly. Please round your answer to the second decimal without dollar sign. (e.g. 0.00)

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