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You need $30,000 in cash to buy a house 4 years from today. You expect to earn 4 percent, compounded quarterly, on your savings. How

You need $30,000 in cash to buy a house 4 years from today. You expect to earn 4 percent, compounded quarterly, on your savings. How much do you need to deposit today if this is the only money you save for this purpose?

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