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An investor makes a nondeductible (after-tax) contribution of $2,666 to a traditional IRA. The IRA contribution grows at 10.60 percent after-tax rate of return compounded

An investor makes a nondeductible (after-tax) contribution of $2,666 to a traditional IRA. The IRA contribution grows at 10.60 percent after-tax rate of return compounded annually for 12 years when it is distributed. The distribution is subject to a 35 percent tax. Calculate the dollar amount of IRA distribution the investor is left with after paying taxes.

Round the final answer to two decimal places.

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