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When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the value
When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the value of which was growing by7%per year, and the other half in certificates of deposit (CDs), which were yielding6%per year, compounded every6 months.Assuming that these rates are sustained, how much will my investment be worth in9years?(Round your answer to the nearest cent.)
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