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Simone has $ 1 5 , 0 0 0 invested in a mutual fund. She has set up a withdrawal plan, in which she withdraws
Simone has $ invested in a mutual fund. She has set up a withdrawal plan, in which she withdraws at the end of each year. Assuming that the portfolio will grow by a steady per year, what is the value remaining in the portfolio at the end of the first year?
a $
b $
c $
d $
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