Which of the Following Amounts Is Closest to the End

question 69

Multiple Choice

Which of the following amounts is closest to the end value of investing $5,000 for 14 months at a stated annual interest rate of 6 percent compounded monthly?

• A) $5,352
• B) $5,362
• C) $5,350
• D) $5,293
• E) $6,183

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