Maya has savings of $50,000. She invests in a bond mutual fund that pays 5% interest each year. Ignoring compounding, what are Maya's total savings after 15 years? Ex: For $1,000 at 3% for 5 years,...

Maya has savings of $50,000. She invests in a bond mutual fund that pays 5% interest each year. Ignoring compounding, what are Maya's total savings after 15 years? Ex: For $1,000 at 3% for 5 years, compute interest as $1,000 × 0.03 × 5 = $150, so the total savings becomes $1,000 + $150 = $1,150.