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A mutual fund has averaged an annual growth rate of 1 5 . 1 % with interest compounded monthly. The mutual fund company charges a

A mutual fund has averaged an annual growth rate of 15.1% with interest compounded monthly. The mutual fund company charges a management fee of 0.14% per month on the principal. Determine the amount of a $15000 investment in 3 years. Assume that the growth rate remains the same.
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