Question 3 Selected one answer choice
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An investment club has had an average rate of return of 15% per year for the past 6 years. If Teresa invests $1000 today and neither adds nor subtracts money from the club, how much will Teresa have invested after 5 years assuming that the rate of return does not change?

A.1000+1.155

B.1000(1.15)5

C.1000+0.15

D.1000(0.15)5

E.1000(5)0.15$

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