What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 12% compounded quarterly? 0 I 12% Compounded quarterly $1,400 1 . 1 2 . I 3 I I I " 4 1 I The amount of the quarterly deposits A should be $ 1 1 A (Deposit) CICCCID Quarters. 6 5 1 Y i Y 7 1 1 K T $2,300 8 Q (Round to the nearest dollar.)

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A:

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