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You are planning to buy a house in 9 years. You would like to be able to make a down payment of $49,800. The stated

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You are planning to buy a house in 9 years. You would like to be able to make a down payment of $49,800. The stated interest rate is 11% (APR). If interest is compounded continuously, how much will you need to invest today in order to make the down payment? Enter your response below rounded to two decimal places

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