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After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $13,451,000.00 in a mutual fund.

After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $13,451,000.00 in a mutual fund. The fund pays on average 8.04% APR with monthly compounding. The player will not touch this money until he retires from the league in 11.00 years. How much will this nest egg be worth when he retires?

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