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#10. A $500 mini-bond for a certain city earns 4.80% APR compounded quarterly. If 10 of these bonds are purchased for a $5000 investment, then

#10. A $500 mini-bond for a certain city earns 4.80% APR compounded quarterly. If 10 of these bonds are purchased for a $5000 investment, then what will be the value of this investment in 12 years? Use two decimal place accuracy.

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