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If you need $50,000 seven years from now, what is the minimum amount of money you need to deposit into a bank account that pays

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If you need $50,000 seven years from now, what is the minimum amount of money you need to deposit into a bank account that pays 6% annual interest, compounded (give your answers to the nearest cent): (a) annually? $ (b) monthly? $ (c) daily (assuming 365 days in a year)? $

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