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It is now the beginning of the year (year 0). Assume that, starting at the end of the year 2 (NOT next year), you will

It is now the beginning of the year (year 0). Assume that, starting at the end of the year 2 (NOT next year), you will make deposits of $494 each year into a savings account. You will make a total of 7 annual deposits. If the savings account interest rate is 8%, what is the present value of this savings plan? Enter your answer in dollars, rounded to the nearest cent.

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