Question: You have decided to set aside a fixed amount every quarter in order to have $19,000 available for a major home renovation project in 4

You have decided to set aside a fixed amount every quarter in order to have $19,000 available for a major home renovation project in 4 years. If the money is invested at 5% interest per year, compounded quarterly, how much should be deposited quarterly to reach your goal?

Give the answer correctly to 2 decimal places.

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