Use the following information to answer:

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                                    Price                                       Quantity Demanded

                        ($/bushel of wheat)                             (Millions of bushels)

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                                    3.00                                                     2.7

                                    3.30                                                     2.6

                                    3.60                                                     2.5

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 What is the price elasticity of demand for wheat when the price of a bushel is between $3.30 and $3.60?

   

I invest $35,000 into a mutual fund. The fund earns an 8.9% annual interest rate (compounded annually, ignoring fees). The index charges a 1.85% expense ratio and a 0.8% front-end load fee. How much money will be in the fund in 9 months, based on this information?