High yield mutual fund that is expected to average

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Little Joe just graduated from High School at the age of 17. His grandmother, as a graduation present decided to give him $10K in a high yield mutual fund that is expected to average at least 10% interest. If little Joe decides to leave it in the account -- meaning, not adding to it and not withdrawing any -- what will that account be worth in 49 years when Joe retires?

Reference no: EM131205591

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High yield mutual fund that is expected to average : Little Joe just graduated from High School at the age of 17. His grandmother, as a graduation present decided to give him $10K in a high yield mutual fund that is expected to average at least 10% interest. If little Joe decides to leave it in the acc..

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