How much money will bart have in one year

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Reference no: EM131306238

MMF Value. Bart is a college student who has never invested his funds. He has saved $1,000 and has decided to invest it in a money market fund with an expected return of 2.0%. Bart will need the money in one year.

The MMF imposes fees that will cost Bart $20 at the time he withdraws his funds. How much money will Bart have in one year as a result of this investment?

Reference no: EM131306238

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