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Michael has been dollar cost averaging in a mutual fund by investing $2,500 at the beginning of every quarter for the past 7 years. He

Michael has been dollar cost averaging in a mutual fund by investing $2,500 at the beginning of every quarter for the past 7 years. He earns an average annual compound return of 9% on this investment, compounded quarterly. How much is the fund worth today?

$92,721.95.

$94,996.80.

$98,221,92.

$101,682,56.

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