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TVM Money formulas please, and use effective rate to find r value. DO NOT ROUND. How much must you deposit into an account today so

image text in transcribedTVM Money formulas please, and use effective rate to find r value. DO NOT ROUND.

How much must you deposit into an account today so that you can have $20,000 in eleven years? Assume that the account earns 4% per year compounded quarterly. You should deposit $ (Round the final answer to the nearest cent as needed. Keep all decimal places as you work through the problem.)

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