You invest ($17,000) in a mutual fund recommended by a fellow Dallas Mavericks sports fan. The fund
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You invest \($17,000\) in a mutual fund recommended by a fellow Dallas Mavericks sports fan. The fund is known to have \highs and lows," but your friend virtually guarantees you will beat the market by 2% and earn 12% per year in the \long run." How much should your investment be worth in 20 years?
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