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Suppose you invest $1000 into a mutual fund that is expected to earn a rate...

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Suppose you invest $1000 into a mutual fund that is expected to earn a rate of return of 11%. The amount of money will you have in ten years is closest to which of the following? What is the amount you will have in 50 years? Feel free to use the mathematical formula or Excel. Please note that in the exam you might be asked to solve such questions with only one method (e.g.. mathematical formula). $163,974 $184,545 $199,145 $174.962

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