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If you invest $1,000 at a simple annual interest rate of 3.5%, how much money will you have after 5 years? $1,200 $1,175 $1,045 $1,035

If you invest $1,000 at a simple annual interest rate of 3.5%, how much money will you have after 5 years?

  1. $1,200

  2. $1,175

  3. $1,045

  4. $1,035

  5. $1,188

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