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Pamela intends to retire in 7 years and would like to receive $840.00 every threemonths for 10 years starting on the date of her retirement.

Pamela intends to retire in 7 years and would like to receive $840.00 every threemonths for 10 years starting on the date of her retirement. How much must Pamela deposit in an account today if interest is 5% compounded quarterly?

She must deposit $____

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