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Lina invests $1,000 at a variable rate of interest, compounded annually. Initially the rate is 4% for the first year. This interest rate increases by
Lina invests $1,000 at a variable rate of interest, compounded annually. Initially the rate is 4% for the first year. This interest rate increases by 0.5% annually for 5 years. How much will Lina have in her account after 5 years? Select one: O a $1,276 b. $1,359 c. $1,462 od. $1,338
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