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27) Suppose that you want to have a $160,085 retirement fund after 42 years. How much will you need to deposit now if you can

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27) Suppose that you want to have a $160,085 retirement fund after 42 years. How much will you need to deposit now if you can obtain an APR of 3%, compounded daily? Assume that no additional deposits are to be made to the account. (For our purposes a year has 360 days)

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