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Mary Stahley invested $ 5500 in a 48 -month certificate of deposit (CD) that earned 7.5 % annual simple interest. When the CD matured, she
Mary Stahley invested $5500in a48-month certificate of deposit (CD) that earned7.5% annual simple interest. When the CD matured, she invested the full amount in a mutual fund that had an annual growth equivalent to17% compounded annually. How much was the mutual fund worth after10years? (Round your answer to the nearest cent.)
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