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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Home » Mathematics » 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.