Maya has savings of $50,000. She invests in a bond mutual fund that pays 6% interest...

 

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Maya has savings of $50,000. She invests in a bond mutual fund that pays 6% interest each year. Ignoring compounding, what are Maya's total savings after 10 years? Ex: For $1,000 at 3% for 5 years, compute interest as $1,000 0.03 x 5 = $150, so the total savings becomes $1,000+ $150 = $1,150 $ Ex: 12345 Maya has savings of $50,000. She invests in a bond mutual fund that pays 6% interest each year. Ignoring compounding, what are Maya's total savings after 10 years? Ex: For $1,000 at 3% for 5 years, compute interest as $1,000 0.03 x 5 = $150, so the total savings becomes $1,000+ $150 = $1,150 $ Ex: 12345

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