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Suppose that your bank pays 6% interest, compounded quarterly. Find how much should be deposited now to yield an annuity payment of $1,100 at the

Suppose that your bank pays 6% interest, compounded quarterly. Find how much should be deposited now to yield an annuity payment of $1,100 at the end of each three months, for 3 years. (Round your answer to the nearest cent.)

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