Question $6$

$2$ pts

Suppose you plan to buy the Asus Ultra Slim computer as a graduation present for yourself in $1$ years when you graduate. Since prices go up over time, you estimate, in $1$ years the computer should cost areound $$1,471.$ If you can get $6\%$ APR loan from your bank, but compounded quarterly, how much are you supposed to deposit today to have enough money to buy the computer in $1$ years? $($Round your answer to two decimal point$)$

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