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Sveta_85 [38]
3 years ago
9

Mary Stahley invested $4500 in a 48-month certificate of deposit (CD) that earned 9.5% annual simple interest. When the CD matur

ed, she invested the full amount in a mutual fund that had an annual growth equivalent to 21% compounded annually. How much was the mutual fund worth after 10 years? (Round your answer to the nearest cent.)

Business
1 answer:
Sladkaya [172]3 years ago
5 0

Answer:

Please see attachment

Explanation:

Please see attachment

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