document.write( "Question 1097925: An advertisement for a mutual fund claims that people who invested in the fund 5 years ago have doubled their money. If the fund’s future performance is similar to its past performance, how much would a $2000 investment be worth in 40 years?
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Algebra.Com's Answer #712361 by jorel1380(3719) $\"\"$ $\"About$

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If the fund doubles every 5 years, then 40/5=8, so the fund will be worth 2^8 times 2000, or $512,000
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