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If $1000 is placed in an account that earns a nominal 16 percent, compounded quarterly, what will it be worth in 5 years? $2100.34 $1806.11

If $1000 is placed in an account that earns a nominal 16 percent, compounded quarterly, what will it be worth in 5 years? $2100.34 $1806.11 $1974.43 $1365.41 $2191.12

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