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Chad currently has $ 2 8 , 2 5 0 in the Courageous Growth Fund. He doesn't remember how much he initially invested in the

Chad currently has $28,250 in the Courageous Growth Fund. He doesn't remember how much he initially invested in the fund, but remembered that it was 12 years ago. His latest statement showed that his investment has returned an average annual rate of return of 9.04% Calculate the amount of his initial investment
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