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A mutual fund reported a return of 100% in fiscal year 2019 and a return of 50% in fiscal year 2020 (the fiscal year ends
A mutual fund reported a return of 100% in fiscal year 2019 and a return of 50% in fiscal year 2020 (the fiscal year ends on September 30). Suppose an investor invested $10,000 in the fund two years ago on October 1, 2018, and has made no withdrawals and no additional investments. What is the account balance of this investor, as of September 30, 2020
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