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Johnson Controls just decided to save $50,000 a month for the next six years as a safety net for recessionary periods. The money will be

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Johnson Controls just decided to save $50,000 a month for the next six years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 4.20% interest compounded monthly. It deposits the first $50,000 today. If the company had wanted to deposit an equivalent lump sum today, how much would it have had to deposit? (Note that this is annuity due) O $2,390,450.50 O $2,572,303.28 O $2,755,499.30 o $2,936,547.46| $3,188,452.3

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