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Mathematics, 07.12.2020 01:30 Felixthecat7186

Tara deposits $1,000 in a retirement savings account at the beginning of each year. The account pays an interest rate of 5% compounded annually, and the interest is paid on the last day of the year. What is the balance in Tara’s account at the end of the fourth year? $4,310.13
$4,525.63
$5,525.63
$5,801.91

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