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Your grandparents put $1,000 into a savings account for you when you were born 20 years ago. This account has been earning interest at a

Your grandparents put $1,000 into a savings account for you when you were born 20 years ago. This account has been earning interest at a compound rate of 7 percent. What is its value today?

a: 3870.00

b: 1967.00

c: 3026.00

d: 3583.00

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