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Today, Cary open a new savings account and deposit $5,000. No other deposits or withdrawals are made to the account. Assume he will earn 3%

Today, Cary open a new savings account and deposit $5,000. No other deposits or withdrawals are made to the account. Assume he will earn 3% simple interest per year. How much will his investment be worth in 20 years?

Please do not round intermediary calculations. Round final answer to two decimal places

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