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Today you open an account earning an APR of 6%, compounded quarterly, and make the first of 14 quarterly deposits of $X (after the last
Today you open an account earning an APR of 6%, compounded quarterly, and make the first of 14 quarterly deposits of $X (after the last deposit you will make no more deposits but the account will continue to earn interest). If you wish the account to have $44,122 five years from today, what does X need to be? Express your answer rounded to the nearest penny (e.g., 5432.10).
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