The relative growth rate for a certain type of mutual fund is 5.1% per year. an account is opened with a balance of $35,000. how much is the mutual fund worth in 5 years? in your final answer, include all of your calculations.

The mutual fund would be worth $ 44,669.855 ( approx )

Step-by-step explanation:

∵ Future value of an investment,

Where,

P = invested amount,

r = rate per period,

t = number of periods,

Here,

P = $ 35,000

r = 5.1% = 0.05,

t = 5 years,

Hence, the future value would be,

d

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~coco

step-by-step explanation: