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You want to save up $5,300 to buy new kitchen cabinets. You want to pay in cash, so you make quarterly deposits into a savings
You want to save up $5,300 to buy new kitchen cabinets. You want to pay in cash, so you make quarterly deposits into a savings account earning 5.5% APR, compounded quarterly. How much (in dollars) do your quarterly deposits need to be in order to save up the $5,300 in three years? (Round your answer to the nearest cent.)
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