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Filename: drivers/Session_files_driver.php
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Function: require_once
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Line: 315
Function: require_once
Andrei deposits $25,400 into a pension fund that invests in stocks. After a successful year of investing in the stock market, the fund agrees to pay a simple interest rate of 12%. What will the balance be after one year?
Round your answer to the nearest dollar.
Do NOT round until you have calculated your final answer.