Amounts closest to the end value of investing


Question: Which of the following amounts is closest to the end value of investing $5,000 for one year and two months at a nominal 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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Finance Basics: Amounts closest to the end value of investing
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