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OpenStudy (anonymous):
An investment of $1,000 earns an annual interest rate of 7.6%. What is the final amount after 8 years of compounding interest? Use the formula A = Pert, where P is the initial investment, t is the time in years, and r is the rate of return. Select one: a. $1,505.00 b. $1,575.00 c. $1,536.75 d. $1,836.75
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