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Matthew Young is planning to invest $22,000 today in a mutual fund that will provide a return of 11 percent each year. What will be
Matthew Young is planning to invest $22,000 today in a mutual fund that will provide a return of 11 percent each year. What will be the value of the investment in 10 years? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Value of investment after 10 years Your bank pays 10.00 percent annual interest compounded semiannually on your savings account. You don't expect to add to the current balance of $2,200 over the next four years. How much money can you expect to have at the end of this period? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Value of investment after 4 years $
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