If $1,000 was invested at an annual interest rate of 5.6 percent compounded annually, which of the following represents the amount the investment was worth after 3 years?


~$$1,000\left ( 1.056 \right )(3)$~

~$$1,000\left ( 3+1.056 \right )$~

~$$1,000\left [ 1+3\left ( 0.056 \right ) \right ]$~

~$$1,000\left [ 1+\left ( 0.056 \right )^{3} \right ]$~

~$$1,000\left ( 1.056 \right )^{3}$~

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Prep2007E2-PS