SOLUTION: Hannah invested $35,000 in a mutual fund that earns 6% interest per annum compounded annually. To the nearest dollar, how much was her investment worth after 3 years?

SOLUTION: Hannah invested $35,000 in a mutual fund that earns 6% interest per annum compounded annually. To the nearest dollar, how much was her investment worth after 3 years?

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Question 1097178:
Hannah invested $35,000 in a mutual fund that earns 6% interest per annum compounded annually. To the nearest dollar, how much was her investment worth after 3 years?

Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
35,000 x (1+0.06)^3=35,000 x 1.191016=$41685.56 after 3 years
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