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24 February, 22:40

Adam plans to invest $1500 today in a mutual fund. if he earns 12 percent interest compounded monthly, to what amount will his investment grow in 20 years? use a financial calculator to make the calculation.

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  1. 24 February, 23:00
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    Starting amount is $1,500, 12% interest that compounds monthly and it will grow over a period of 20 years. Using a calculator it comes out to a total of $16,339.07
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