Below is a screenshot from ASIC’s MoneySmart future value compound interest calculator website.
![Image of CML SML graph](deals/1062_FutureValueMoneySmart,V0 1000, r 5percent comp monthly, 10 years.png)
It shows that $1,000 invested in a bank account at 5% pa compounding monthly for 10 years will be worth $1,647, rounded to the nearest dollar.
Which of the following formulas replicates this result?