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Mathematics, 19.10.2020 03:01 Caleb4904
Sam invests a sum of money in a retirement account with a fixed annual interest rate of 7%
compounded quarterly. After 13 years, the balance reaches $19,280.02. What was the amount of
the initial investment? ROUND YOUR ANSWER TO THE NEAREST DOLLAR (do NOT put a dollar
sign $ in your answer)
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Answers: 1
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Sam invests a sum of money in a retirement account with a fixed annual interest rate of 7%
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