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Your bank pays 2.5% interest per year. You put $1,000 in the bank today and $500 more in the bank in one year. How much

Your bank pays 2.5% interest per year. You put $1,000 in the bank today and $500 more in the bank in one year. How much will you have in the bank in two years?

In two years, the amount that you will have is $________

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