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You have $1000 today in your savings account which pays interest at 7% p.a. effective. Which of the following gives the interest on interest you

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You have $1000 today in your savings account which pays interest at 7% p.a. effective. Which of the following gives the interest on interest you earn over the next 4 years? (There may be more than one correct answer. You will lose mark by picking a wrong answer. The minimum mark for the question is zero.) Select one or more: a. 1000(1.07)4 1000(1 + 0.07 * 4) b. 1000(1.07)4 1000 c. 1000(1.07) d. 1000(1.07)4 1000 1000 * 0.07 * 4 e. 1000(1.07)4 1000 * 0.07 * 4

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