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Lauren makes an annual contribution of $ 1 , 2 0 0 at the start of each year to her retirement account, which has an

Lauren makes an annual contribution of $1,200 at the start of each year to her retirement account, which has an average Annual Percentage Rate (APR) of 3.5% and is compounded yearly. What will Lauren's account balance be after making these contributions for a period of 5 years?
L(5)=1,200(1+0.035)5=$1425.22
L(5)=1,200((1+0.035)5-10.035)=$6435.96
L(5)=1,200(1+0.035)((1+0.035)5-10.035)=$6660.18
L(5)=1,2005+1,200(0.035)(5)=$6200
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