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Suppose you plan to buy the Asus Ultra Slim computer as a graduation present for yourself in 3 years when you graduate. Since prices go
Suppose you plan to buy the Asus Ultra Slim computer as a graduation present for yourself in 3 years when you graduate. Since prices go up over time, you estimate, in 3 years the computer should cost areound $1,453. If you can get 9\% 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 3 years? (Round your answer to two decimal point)
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