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Suppose that you want to have a $50,000 retirement fund after 40 years. How much will you need to deposit now if you can obtain

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Suppose that you want to have a $50,000 retirement fund after 40 years. How much will you need to deposit now if you can obtain an APR of 3% compounded continuously? Assume that no additional deposits are to be made to the account. Round your answer to the nearest hundredth. (Section 4B)

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