2. An investor deposits $1,000,000 at the beginning of each year for 5 years in a 5-year GIC with an insurance company that guarantees an annual 6% interest rate on the fund. Determine the lump sum payable to the investor, at 5 years if the interest that is generated each year is reinvested at 6% A.5465000 B.5975000 C.6375000 D.6645000 E.7245000