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After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $9,994,000.00 in a mutual fund.
After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $9,994,000.00 in a mutual fund. The fund pays on average 8.00% APR. The player will not touch this money until he retires from the league in 14.00 years. How much will this nest egg be worth at retirement? Round 2 decimal places.
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