Question: Alejandro will need to replace the registration software for his agency in five years. He received an estimate that it will cost $40,000 when he

Alejandro will need to replace the registration software for his agency in five years. He received an estimate that it will cost $40,000 when he is ready to replace it. What must Alejandro deposit today at 6% compounded quarterly to have enough to update the system? [Your answer needs to be in $123,456.78 format]

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