Question

Bart is a college student who has never invested his funds. He has saved $ 1,000 and has decided to invest it in a money market fund with an expected return of 2.0%. Bart will need the money in one year. The MMF imposes fees that will cost Bart $ 20 at the time he withdraws his funds. How much money will Bart have in one year as a result of this investment?


$1.99
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  • CreatedOctober 13, 2015
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