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Mathematics, 22.10.2019 19:00 kataldaine

Abank has opened a new branch and, as part of a promotion, the bank branch is offering $1,000 certificates of deposit at simple interest of 4% per year. the bank is selling certificates with terms of 1, 2, 3, or 4 years. which of the following functions gives the total amount, aaa, in dollars, a customer will receive when a certificate with a term of kkk years is finally paid? a) a=1,000(1.04k)b) a=1,000(1+0.04k)c) a = 1,000(1.04)^kd) a = 1,000(1 + 0.04^k)

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