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#12. A $500 mini-bond for a certain city earns 4.83% APR compounded continuosuly, but the bond must be held on to by the purchaser for
#12. A $500 mini-bond for a certain city earns 4.83% APR compounded continuosuly, but the bond must be held on to by the purchaser for 14 years. If 3 of these bonds are purchased for an investment, then what will the value of this investment be when the bonds mature 14 years later? Use two decimal place accuracy.
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