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If you want to have $15,500 in 60 months, how much money must you put in a savings account today? Assume that the savings account

If you want to have $15,500 in 60 months, how much money must you put in a savings account today? Assume that the savings account pays 3.5% and it is compounded quarterly; round to nearest $1.

Group of answer choices $13,021 $10,106 $10,387 $8,142

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