On January 1,2010,Alex deposited $5,000 into a savings account that pays interest of 5 percent,compounded annually.If he makes no further deposits or withdrawals,how much will Alex have in his account on December 31,2012 (3 years later) ?
A) $5,750.
B) $5,788.
C) $5,813.
D) $5,825.
Correct Answer:
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