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Pete Air wants to buy a used Jeep in 5 years. He estimates the Jeep will cost $15,000. Assume Pete invests $10,000 now at 12%

Pete Air wants to buy a used Jeep in 5 years. He estimates the Jeep will cost $15,000. Assume Pete invests $10,000 now at 12% Interest compounded semiannually a. Calculate the maturity value of the investment (Do not round intermediate calculations. Round your answer to the nearest cent) Motorty value

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