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Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually. How much money will be in the account
Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually. How much money will be in the account at the end of the second year?
A) | $4080.00 | |
B) | $4,161.60 | |
C) | $1161.60 | |
D) | $4,160.00 |
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