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6. Determine how much $1,000 deposited in a savings account paying 8% (compounded annually) will be worth after five years (rounded to the nearest dollar).
6. Determine how much $1,000 deposited in a savings account paying 8% (compounded annually) will be worth after five years (rounded to the nearest dollar). a. $1,469 b. $5,526 c. $1,400 d. $784
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