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You want to save up $1,100 to buy new Kitchen cabinets. You want to pay in cash, so you make dialy deposits into a savings

You want to save up $1,100 to buy new Kitchen cabinets. You want to pay in cash, so you make dialy deposits into a savings account earning 3.8% APR, compounded daily. How much do your daily deposits need to be to save up the $1,100 in five years? Round your answer to the nearest cent.

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