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A law firm invested its net profit into an investment fund that provided an initial interest rate of 4 . 5 5 compounded monthly after

A law firm invested its net profit into an investment fund that provided an initial interest rate of 4.55 compounded monthly after six months there was a boom in the market and the interest rate rose to 8.75% compounded monthly if the accumulatedcalue one year after the boom was $480000 calculate the amount that was originally invested

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