Mathematics, 20.09.2020 15:01 silveryflight

Maya has savings of $50,000. She invests in a bond mutual fund that pays 4% interest each year. Ignoring compounding, what are Maya's total savings after 20 years? Ex: For $1,000 at 3% for 5 years, compute interest as $1,000 × 0.03 × 5 = $150, so the total savings becomes $1,000 + $150 = $1,150.

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Maya has savings of $50,000. She invests in a bond mutual fund that pays 4% interest each year. Igno...