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Question 19 Your bank offers a savings account with a 5.5% APR compounded monthly (12 months in the year). If you invest $1,000 in this

Question 19

Your bank offers a savings account with a 5.5% APR compounded monthly (12 months in the year). If you invest $1,000 in this account, how much will you have after 5 years?

1,275.00

1,296.55

1,315.70

1,321.31

1,327.84

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