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An amount of R1 000 is invested at an annual interest rate of $6 \%$. Interest is compounded every three months (quarterly). After 5 years the investment, in rands, will be worth

(A) $1000(1,015)^{20}$
(B) $1000(1,02)^{15}$
(C) $1000(1,03)^{20}$
(D) $1000(1,06)^{5}$
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