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5. Elon Musk decides to invest in a new company. His investment earns 5.2% per year, compounded quarterly. After 12 years his investment has grown

5. Elon Musk decides to invest in a new company. His investment earns 5.2% per year, compounded quarterly. After 12 years his investment has grown to $46 472.22. How much money did he invest initially into the new company? [3]

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