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On March 1, 2003 you invested $3,000 into a mutual fund. You then invested $1,000 into that same mutual fund on the first day of

On March 1, 2003 you invested $3,000 into a mutual fund. You then invested $1,000 into that same mutual fund on the first day of March for each of the years 2004 through 2012. You averaged an 8% annual rate of return on your investment in this mutual fund. What is the value of your investment in this mutual fund on March 1, 2012?

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