Mathematics, 02.05.2021 14:00 raven1619

Aaron kept $12 000 in a bank account with an annual interest rate of 4%. After exactly 2 years, the bank chose Aaron as the winner for a prize money worth $5000. Aaron decided to invest all his savings and the prize money into a Trust Fund which offers a dividend of 4.5% per annum. When ( which year ) will all his investment value exceed $20 000?

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Aaron kept $12 000 in a bank account with an annual interest rate of 4%. After exactly 2 years, the...