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The International Monetary Fund is trying to raise $1.300 billion in 7 years for new funds to lend to developing countries. At 4% interest compounded

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The International Monetary Fund is trying to raise $1.300 billion in 7 years for new funds to lend to developing countries. At 4% interest compounded quarterly, how much must it invest today to reach $1,300 billion in years? (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) resent Value bitlion

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