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Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $23,000 over the next
Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $23,000 over the next 5 years. What amount must be deposited quarterly into an account that earns 4.8% interest, compounded quarterly, in order to reach your goal? Round your answer to the nearest cent, if necessary.
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