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Remaining Time: 1 hour, 36 minutes, 18 seconds. Question Completion Status: 100 131 14 15 16 190 10120 45 38 309 40 42 43 F

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Remaining Time: 1 hour, 36 minutes, 18 seconds. Question Completion Status: 100 131 14 15 16 190 10120 45 38 309 40 42 43 F Pap Words: 0 QUESTION 43 A company just decided to save $5,500 a month for the next 6 years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 4.5 % interest compounded monthly. The first deposit will be made today. What would today's deposit amount have to be if the firm opted for one lump sum deposit today that would yield the same amount of savings as the monthly deposits after 6 years? TTTT Paragraphe # 3 (12pt) %D0Q ' . @ : Mashups 4 Gas Arial

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