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Savings Account Bernie invested a sum of money 5 years ago in a savings account, which has since paid interest at the rate of 3%/year,

Savings Account

Bernie invested a sum of money 5 years ago in a savings account, which has since paid interest at the rate of 3%/year, compounded quarterly. His investment is now worth $16,483.30. How much did he originally invest? (Round your answer to the nearest cent.)

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