Mr. Grewal set up a trust fund today for his great-granddaughter's college education, where he will make beginning of the month deposits for exactly 19 years. The trust fund would then pay his great granddaughter $5,000 at the end of the quarter over 7 years after she turns 19 and goes to college. If we assume interest rates are 15.36% compounded semi-annually (always), how large must the original beginning of the month deposits be to support the payments while she is in college?

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