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Determine how much $1,000 deposited in a savings account paying 8% compounded annually will be worth after 5 years. a. $5,526 b. $784 c. $1,400

Determine how much $1,000 deposited in a savings account paying 8% compounded annually will be worth after 5 years.

	a.	$5,526
	b.	$784
	c.	$1,400
	d.	$1,469

Please add calculations.

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