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1000(1+r/(1,200))^(12) The expression ...

`1000(1+r/(1,200))^(12)`
The expression above gives the amount of money, in dollars, generated in a year by a $1,000 deposit in a bank account that pays an annual interest rate of r %, compounded monthly. Which of the following expressions shows how much additional money is generated at an interest rate of 5% than at an interest rate of 3% ?

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