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Ndiba invests a sum of money in a savings account with a fixed annual interest rate of 4.61% compounded 3 times per year. After 6

Ndiba invests a sum of money in a savings

account with a fixed annual interest rate of

4.61% compounded 3 times per year. After

6 years, the balance reaches $5,485.85.

What was the amount of the initial

investment?

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