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Which of the following comes closest to the value of investing $5,000 today for 5 years at the rate of 5% compounded monthly? a. $
Which of the following comes closest to the value of investing $5,000 today for 5 years at the rate of 5% compounded monthly?
a. $ 6,417
b. $ 6,105
c. $ 7,088
d. $ 6,744
e. $ 5,808
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