Question: MMF Value. Bart is a college student who has never invested his funds. He has saved $860 and has decided to invest the funds in
MMF Value. Bart is a college student who has never invested his funds. He has saved $860 and has decided to invest the funds in a money market fund with an expected annual return of 3.54%. Bart will need the money in one year. The MMF imposes fees that will cost Bart $20 at the time he withdraws the funds in one year. How much money will Bart have in one year as a result of this investment? As a result of his investment, Bart will have $ (Round to the nearest cent.)
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