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John wants to set up a fund for her dad's birthday party such that she could withdraw $2,428.00 at the beginning of every 3 months
John wants to set up a fund for her dad's birthday party such that she could withdraw $2,428.00 at the beginning of every 3 months for the next 7 years. If the fund can earn 2.00% compounded semi-annually, what amount could John deposit today to provide the payment?
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