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Value of Initial Deposit: Annually Compounded Interest

SATMAT-QMS4OA

Roxanne currently has ${\$1,434}$ in her savings account that earns $2\%$ interest, compounded annually.

If her money has been in the account for $9$ years and she has made no additional deposits or withdrawals, how much money did she initially deposit into the account?

A

$1425$

B

$1200$

C

$278$

D

$1000$