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You deposit $4,646,63 today in a bank account earning 5% annually for all periods. After 10 years, you make another deposit into the same account.

You deposit $4,646,63 today in a bank account earning 5% annually for all periods. After 10 years, you make another deposit into the same account. Forty years from now you want to have $50,000 in the account. Assume annual compounding. What was the deposit after 10 years?

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