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Advanced Placement (AP), 20.07.2019 14:00 lewisj53

Using the simple interest formula, answer the following question: andrew adds $750 to his mutual fund every year for the next 10 years. stephanie decides to wait 10 years when she knows she will have a lump sum of $9,000 to invest in a mutual fund. if both andrew and stephanie earn on average a 5 percent rate of return, who will have the larger mutual fund balance in 20 years?

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Using the simple interest formula, answer the following question: andrew adds $750 to his mutual fu...

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