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How much money will you have if you invest $1,000 in an account that is compounded annually at 5% for 4 years? a. 1215 b.

How much money will you have if you invest $1,000 in an account that is compounded annually at 5% for 4 years?

a.

1215

b.

1215.51

c.

1200

d.

1300

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