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  • 22-04-2024
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Your bank offers a savings account that pays 3.5% interest, compounded annually. If you invest $1,000 in the account, then how much will it be worth at the end of 25 years?

a. $2,735.75
b. $2,363.24
c. $2,481.41
d. $2,605.48
e. $2,245.08

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