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You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. how much money will you have in the account after 5 years? round your answer to the nearest whole
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You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. how much money will you have in the account after 5 years? round your answer to the nearest whole number and include units.

User Vitor Reis
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Check the attached file for the answer.
You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded-example-1
User Empo
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