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Barry Newman's savings account has a balance of $ 3155. After 12 years, what will the amount of interest be at 5% compounded annually? Use

Barry Newman's savings account has a balance of $ 3155. After 12 years, what will the amount of interest be at 5% compounded annually? Use formula to solve the problem.

Select one:

a. $ 2501.94

b. $ 2515.94

c. $ 1577.50

d. $ 2510.93

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