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Which of the following is closest to the future value of a cash flow of $1,000 invested for 4 years at a simple interest

 

Which of the following is closest to the future value of a cash flow of $1,000 invested for 4 years at a simple interest rate of 5% p.a.? O $1,200 O $1,280 O $1,350 Need more information to answer the question O $1,216

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