Mr. Bean puts $5000 in a mutual fund that increases in value by 11% each year. How many years will it take him to reach $23,000 in his mutual fund?

asked Jul 17, 2023 233k views

1 vote

Mr. Bean puts $5000 in a mutual

fund that increases in value by 11% each
year. How many years will it take him to
reach $23,000 in his mutual fund?

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2 votes

Answer:

It's going to take 32.7 years

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