You just received 1000 for your birthday and you decide to


You just received $1,000 for your birthday and you decide to invest in a bond that accrues and pays you simple interest of 5% annually. Interest and the principal investment are paid to you at the end of year 5. At the end of year 5 you will receive  [number 1]?

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Financial Accounting: You just received 1000 for your birthday and you decide to
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