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Lionel wants to set up a fund for his son's education such that he could withdraw $1,295.00 at the beginning of every 3 months for
Lionel wants to set up a fund for his son's education such that he could withdraw $1,295.00 at the beginning of every 3 months for the next 6 years. If the fund can earn 3.30% compounded semi-annually, what amount could he deposit today to provide the payment?
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