Suppose you invest $1,000 today in an account that pays 3% interest, compounded annually. The balance in the account at the end of ten years, if you make no withdrawals, is closest to:
A) $744
B) $1,000
C) $1,300
D) $1,344

Name: Suppose you invest $1,000 today in an account that pays 3% interest, compounded annually. The balance in the account at the end of ten years, if you make no withdrawals, is closest to: A) $744 B) $1,000 C) $1,300 D) $1,344
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The Answer is D

Suppose You Invest $1,000 Today in an Account That Pays