A principal of $5,350 is placed in an account that earns 3.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 4 years?

For annual compounding, use A = P(1 + r)^t. Substituting the values gives $5,350(1.035)^4 ≈ $6,139.25. The account will contain $6,139.25, which is choice D.

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