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What is the FV of $1,000 to be invested for 5 years at an interest rate of 7%? A. $2,002.22 B. $1,342.87 C. $1,345.22 D.

What is the FV of $1,000 to be invested for 5 years at an interest rate of 7%?

A. $2,002.22

B. $1,342.87

C. $1,345.22

D. $1,402.55

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