Question: olve the problem. When needed, use 365 days per year and 30 days per month. An initial investment of $1000 is appreciated for 7 years

olve the problem. When needed, use 365 days per year and 30 days per month. An initial investment of $1000 is appreciated for 7 years in an account that earns 11% interest, compounded annually. Find the amount of money in the account at the end of the period.

$1076.16

$2076.16

$1870.41

$2304.54

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