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7 August, 07:44

Lee put $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10 years. About how much is in Lee's mutual fund account after 10 years? Ignore compounding.

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  1. 7 August, 07:51
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    17000

    Step-by-step explanation:

    we can use the equation I=PRT

    I=10,000 (10) (0.07)

    I=100,000 (0.07)

    i=7000

    7000 + the initial 10,000=17000
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