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Six years ago a friend invested in a money market fund that has a current value of 29,449.99 The fund earned 8.50% compounded quarterly for
Six years ago a friend invested in a money market fund that has a current value of 29,449.99 The fund earned 8.50% compounded quarterly for the first 3 years and 10% compounded monthly for the next 2 years. In the 6th year, the money market fund decreased in value by 25% (from its value at the end of year 5). How much money did your friend Invest
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