Algebra
posted by Christi .
In 2005, Lee invested $2000 in a fund that pays 5% interest for the first 10 years, and 8% interest for every year thereafter. What will be the value of her investment in the year 2020?

2020 is 10 years at 5% and 5 years at 8%, so
2000 * 1.05^10 * 1.08^5 = 4786.76
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