Question 1136869
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Future value  50000 = {{{P*(e^0.12)^30}}},


where P is the principal amount, which is the value under the question in this problem.


From the equation,


    P = {{{50000/(2.71828^0.12)^30)}}} = {{{50000/(1.127497^30)}}} = 1366.19 dollars.    <U>ANSWER</U>
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