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Suppose you wish to buy a new car two years from now. To achieve your goal, you will be depositing $10,000 into a bank account

Suppose you wish to buy a new car two years from now. To achieve your goal, you will be depositing $10,000 into a bank account every quarter. The first deposit is made today and the last deposit 1.5 years from now. The account pays an interest rate of 8%, compounded quarterly. How much at most can you spend on buying a new car in two years?

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