A woman desires to have $400,000 in a savings account when she retires in 20 years. Because of the effects of inflation on spending power, she stipulates that her future "nest egg" will be equivalent to $400 comma 000400,000 in today's purchasing power. If the expected average inflation rate is 77 % per year and the savings account earns 55 % per year, what lump-sum amount of money should the woman deposit now in her savings account?

The woman should deposit now? $

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