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Jim got a $3,000 savings account at 5 percent interest compounded annually. What will his balance be after four years? $3,646.00 $3,600.00 $3,472.88 $3,307.50

Jim got a $3,000 savings account at 5 percent interest compounded annually. What will his balance be after four years?

$3,646.00

$3,600.00

$3,472.88

$3,307.50

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