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If You Invest $5,000 in a Mutual Fund with a Total

Question 128

Multiple Choice

If you invest $5,000 in a mutual fund with a total annual return (interest rate) of 8% and you re-invest the proceeds each year,what will be the value of your investment after five years?


A) $3,402.92
B) $6,597.08
C) $7,000.00
D) $7,346.64

Correct Answer:

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