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June Cleaver needs $2,000 in 7 years time so she can enroll in a review course in mathematics offered by Algonquin College. She can earn

June Cleaver needs $2,000 in 7 years’ time so she can enroll in a review course in mathematics offered by Algonquin College. She can earn 9% compounded monthly at a small financial institution. How much must June deposit now to have $2,000 in 7 years?

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