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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 single-lump sum today in order to fund a $50,000 purchase in 5 years. If you expected the account to earn an 8% annual rate of return, but the account earned only a 6% rate of return, what will your account balance be 5 years from now?
(Assume annual compounding. Enter your answer as a postive number. Round to the nearest cent.)

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