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Provide your answers/solutions in the answer space provided below. Suppose you invest $2,000 in a mutual fund in one year and $2,500 in two years.

Provide your answers/solutions in the answer space provided below.

  1. Suppose you invest $2,000 in a mutual fund in one year and $2,500 in two years. If the fund pays 6% annual interest, how much will you have in three years? How much will you have in 6 years if you make no further deposits?

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