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John's invested in Investment A with a nominal rate of 5%, compounded monthly. He contributes $2 000 per month at the end of the month
John's invested in Investment A with a nominal rate of 5%, compounded monthly. He contributes $2 000 per month at the end of the month for 5 years. He also invested in Investment B, with the same terms, but he invested the same amount at the beginning of the month. What is the difference, if any, in nearest dollar, of the future values of Investment A and B?
O a. $1 318
O b.
None of the choices is correct.
O c
. $0
Od
. $1 381
Oe. $567
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