The balance in your account on December 1, 2023 of the mutual fund account will be $6691.
From the information given, the person invested $5,000 in a mutual fund that earns 6% compounded annually on December 1, 2018.
The amount in the account by the date will be:
= 5000 × ( 1 + 6%)^5
= 6691
In conclusion, the correct option is $6691.
Learn more about mutual fund on:
https://brainly.com/question/4084772
#SPJ1
