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Maya has savings of $40,000. She invests in a bond mutual fund that pays 5% interest each year. Ignoring compounding, what are Maya's total savings after 20 years?

Maya has savings of $40,000. She invests in a bond mutual fund that pays 5% interest each year. Ignoring compounding, what are Maya's total savings after 20 years?
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Maya has savings of $40,000. She invests in a bond mutual fund that pays 5% interest each year. Ignoring compounding, what are Maya's total savings after 20 years?

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User Amado
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1 Answer

5 votes

Answer:50,000 x 0.04 x 20=40,000

The total saving after 20 years 50,000+40,000=90,000$

answered
User Pauly
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