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Suppose you want to accumulate $120,000 for your retirement in 30 years. Hometown Bank is offering an account that pays an APR of 4.8% compounded

Suppose you want to accumulate $120,000 for your retirement in 30 years. Hometown Bank is offering an account that pays an APR of 4.8% compounded daily. How much must you deposit today to reach your goal?

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FV =

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