Question

Asked Feb 18, 2020

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Lee put $10,000 into 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.

Step 1

Given:

Lee put $10,000 into the stock market index mutual fund that grew at an average of 7% per year for 10 years.

Step 2

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