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What is the current value of that investment

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Your dad invested $20 for you in 1940 in a fund and you have not withdrawn any money since. If the fund has averaged a return of 8% over the last 76 years, what is the current value of that investment? (Enter just the number in dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)

Reference no: EM132506185

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