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After reviewing the CPI inflation calculator at inflationdata.com, Hanna Lind realized the importance of creating an investment plan for her future. She would need $

After reviewing the CPI inflation calculator at
inflationdata.com, Hanna Lind realized the importance of creating an investment plan for her future. She would need $10,979.00 today to have the same purchasing power her $9,500(stored in a fireproof safe in her home for 5 years) had when she put it there. To protect her savings against further inflation and to help her prepare for a healthy financial future, Hanna deposits her $9,500 in an investment account earning 6% interest compounded quarterly. How much will Hanna have in her account in 10 years?
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
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