Applications of Logarithmic Functions
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Practice: Applications of Logarithmic Functions
Atticus puts $4000 into his RDSP every year for 10 years. The government gives Atticus an extra $2500 at the end of each year since his income is below $30,000/year.
At the end of 10 years, Atticus will take half the money from his RDSP and invest it into a low-risk mutual fund that gives 1.5% back annually. If Atticus withdraws this money in another 20 years, how much money does Atticus have from his mutual fund?