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Suppose your friend needs $2,421 in 3 years to pay off a personal debt. If she finds a bank which is willing to pay her
Suppose your friend needs $2,421 in 3 years to pay off a personal debt. If she finds a bank which is willing to pay her 13% APR, how much would she has to deposit today so she can pay off her debt in 3 years? (Round your answer to two decimal point)
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