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Posted on Sep 20, 2024

Suppose you invest in $ 1 0 , 0 0 0 into your mutual fund account on January 1 st , 2 0 2 0

Suppose you invest in $

10, 000

into your mutual fund account on January

1

, 2020 .

Which of the following code is CORRECT to calculate the account balance at the end of June,

2020

if the account carries a rate of return of

3 %

every month?

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