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You deposit $1,000 in a savings account that pays an annual interest rate of 5%. How much will you have in the account after 5

You deposit $1,000 in a savings account that pays an annual interest rate of 5%. How much will you have in the account after 5 years if the interest is compounded annually? $1,250 $1,276.28 $1,500 $1,025

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