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This morning, Louise opened a savings account that will earn 2.2 percent interest, compounded annually.After five years, her savings account will be worth $5,600.Assume Louise

This morning, Louise opened a savings account that will earn 2.2 percent interest, compounded annually.After five years, her savings account will be worth $5,600.Assume Louise will not make any withdrawals or additional deposits.Given this, which one of the following statements is false?

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