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Problem 1: Logan has an investment portfolio that has now grown to $1,800,000. If this investment has been earning 10.5% interest with monthly compounding for the past 37 years, what was his original investment amount?
Group of answer choices
Option 1: $38,886.90
Option 2: $48,648.65
Option 3: $37,616.41
Option 4: $44,757,75
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