Consider an investment of $500 compounded annually with 3% interest. Select True or False for each statement.
A. After 3 years, if no money is withdrawn, the account will have $546.36
A True B False
B. The account will gain $15.00 every year.
A True B False
C. After 5 years, if no money is withdrawn, the account will have $562.75.
A True B False
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