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To accumulate $1,504 over 7 years starting from the 1 st of January 2022 till the 1 st of January 2029, with a 6% interest

To accumulate $1,504 over 7 years starting from the 1^st of January 2022 till the 1^st of January 2029, with a 6% interest rate. Calculate how much the initial deposit should be.

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