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50000\times 1.03^{2\times 3}
Add 1 and 0.03 to get 1.03.
50000\times 1.03^{6}
Multiply 2 and 3 to get 6.
50000\times 1.194052296529
Calculate 1.03 to the power of 6 and get 1.194052296529.
59702.61482645
Multiply 50000 and 1.194052296529 to get 59702.61482645.