Multiple Choice
Solve the problem.
-An initial investment of $1000 is appreciated for 4 years in an account that earns 4% interest, compounded annually. Find the amount of money in the account at the end of the period.
A) $1216.65
B) $169.86
C) $1169.86
D) $1124.86
Correct Answer:
Verified
Correct Answer:
Verified
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