Multiple Choice
Mr. X invested $5,000 for a period of 2 years. The investment plan offered a nominal rate of return of 6% on the investment.
-Refer to the scenario above. Mr. X will have a final balance of ____at the end of two years.
A) $5,300
B) $5,618
C) $10,600
D) $18,024
Correct Answer:
Verified
Correct Answer:
Verified
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