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A man deposits $100 at the beginning of each year for ten years. Simple interest at annual rate i is credited to each deposit from

A man deposits $100 at the beginning of each year for ten years. Simple interest at annual rate i is credited to each deposit from the date of deposit to the end of the ten-year period. The total amount thus accumulated is $1,275. If instead, compound interest had been credited at annual rate i , what would the accumulated value of these deposits have been at the end of ten years. (Answer to the nearest $10.) Possible Answers A:$1,320 B:$1,360 C:$1,380 D:$1,420 E:$1,460

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