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Economics - Financial Markets 12 Online
OpenStudy (anonymous):

Help asap please Put your savings and the extra $2,000 into a mutual fund that earns 8% annually. If you reinvest your profits each year (earning compound interest), how much will you have in the mutual fund at the end of 10 years, and how much interest will you have earned?

OpenStudy (anonymous):

Total in Mutual Fund: Interest Earned:

OpenStudy (anonymous):

2,000x0.018=then times the answer by 10

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