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Your parents tell you that if you apply yourself and earn a minimum grade of B- in Finance 3101 they will reward you by depositing
Your parents tell you that if you apply yourself and earn a minimum grade of B- in Finance 3101 they will reward you by depositing in your account $500 next year, $1,000 the following year and $2,000 the year after that. If your parents can earn 8% per year, what size one-time deposit would they have to make today so that they would be able to keep their promise?
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