Im considering setting up a forty year annuity with $50 biweekly payments accruing 6% interest....
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Im considering setting up a forty year annuity with $50 biweekly payments accruing 6% interest. Alternatively, I could deposit a single lump sum into a compound interest savings account with the same interest rate and compounding period. If I want the same future value in forty years, how much should that lump sum be?
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