A person invested $10,000 in a mutual fund that has a return of 5% per year. After

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A person invested $10,000 in a mutual fund that has a return of 5% per year. After 10 years, what is the total value of the investment, assuming that the interest is compounded annually? Show all calculations and round to the nearest cent.

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Investments An Introduction

ISBN: 978-0324561388

9th Edition

Authors: Herbert B Mayo

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Posted Date: Mar 16, 2023 02:54 AM

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A person invested $10,000 in a mutual fund that has a return of 5% per year. After

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Investments An Introduction

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