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Start the planAn investment club has had an average rate of return of \(15\%\) per year for the past \(6\) years. If Teresa invests \($1000\) 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. \(1000+1.15^5\)
B. \(1000(1.15)^5\)
C. \(1000+0.15\)
D. \(1000(0.15)^5\)
E. \(1000(5)^{0.15}\)
The OA is B
A. \(1000+1.15^5\)
B. \(1000(1.15)^5\)
C. \(1000+0.15\)
D. \(1000(0.15)^5\)
E. \(1000(5)^{0.15}\)
The OA is B
