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ArbitrLikvidat [17]

3 years ago

9

You have savings of 30,000. You invest in a bond mutual fund that pays 3% simple interest. What are your total savings after 20

years?

1 answer:

Taya2010 [7]3 years ago

6 0

Answer:

54,183.34

Step-by-step explanation:

a = 30,000(1.03)²⁰

a = 54,183.34

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