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22 June, 07:26

The relative growth rate for a certain type of mutual fund is 15% per year. An account is opened with a balance of $3,000. How much is the mutual fund worth in 5 years? In your final answer, include all of your calculations.

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  1. 22 June, 07:43
    0
    A=3,000 * (1+0.15) ^ (5)

    A=6,034.07
  2. 22 June, 07:46
    0
    Ive had several problems like this
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