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oksian1 [2.3K]
4 years ago
11

Lee put $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10 years. About how much is in

Lee's mutual fund account after 10 years? Ignore compounding.
Mathematics
2 answers:
netineya [11]4 years ago
8 0

Answer:

17000

Step-by-step explanation:

we can use the equation I=PRT

I=10,000(10)(0.07)

I=100,000(0.07)

i=7000

7000+ the initial 10,000=17000

zalisa [80]4 years ago
4 0

Answer:

1490

Step-by-step explanation:

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