What will $1000 amount to in three years if it is invested at 20% per year compound interest, with the interest being compounded annually?	Choose one
A) $1596  B) $1624  C) $1728  D) $1832  E) $1958
After one year: 1.2 * $1000   After two years: (1.2)^2 * $1000   After three years: (1.2)^3 * $1000 = $1728   The answer is $1728.
<result>C</result>
What will $1000 amount to in three years if it is invested at 20% per year compound interest, with the interest being compounded annually?