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Tremayne is saving for his daughter's college education. If the savings account earns 4% Interest compounded monthly, and he wants to have $50,000 in 15

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Tremayne is saving for his daughter's college education. If the savings account earns 4% Interest compounded monthly, and he wants to have $50,000 in 15 years, what must the principal be? Round your answer to the nearest dollar. Do not round until your final step.

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