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You wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how much you should invest

You wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how much you should invest now (in $) at 6% interest, compounded quarterly in order to have $23,000, 10 years from now. (Round your answer to the nearest cent.)

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