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You make a single - lump sum today in order to fund a $ 5 0 , 0 0 0 purchase in 5 years. If
You make a singlelump sum today in order to fund a $ purchase in years. If you expected the account to earn an annual rate of return, but the account earned only a rate of return, what will your account balance be years from now?
Assume annual compounding. Enter your answer as a postive number. Round to the nearest cent.
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