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You are considering investing in a cd that is offering 6% interest compounded monthly. What interest rate (r) and number of compounding periods (n) you

You are considering investing in a cd that is offering 6% interest compounded monthly. What interest rate (r) and number of compounding periods (n) you will use to figure out the future value of an investment in 5 years from now if you make this investment today?

A. r = 6%; n = 5

B. r = 72%; n = 60

C. r = 0.5%; n = 60

D. r = 0.5%; n = 0.42

E. r = 72%; n= 5

F. can not tell from the information given

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