Which of the following is the correct way to compute the future value of $1 put into an account that earns 5 percent interest for 16 years? Select one:
a. $1 (1 +.05) ^16b. $1 (1 +.05 16) 16c. $1 (1 +.05 16) d. $1 (1 + 16/.05) ^16
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