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Suppose you plan to buy the Samsung Infinity phone which is scheduled to come out in 2 years and it is expected to cost $1,280.
Suppose you plan to buy the Samsung Infinity phone which is scheduled to come out in 2 years and it is expected to cost $1,280. If you can get 10% interest from you back per year, how much are you supposed to deposit today to have enough money to by the amazing phone in 2 years. (Round your answer to two decimal point)
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