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You need to cover payments on a health plan. Hence, starting 3 months from today, you want to draw $1,500 each quarter from your money
You need to cover payments on a health plan. Hence, starting 3 months from today, you want to draw $1,500 each quarter from your money market account over the next three years. If the account pays 37 percent interest per quarter, how much do you need to have in your money market account today to meet your expense needs over the next three years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value
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