20)

Jake offers you an investment opportunity which is expected to pay 4% p.a. interest, compounded quarterly. You decide to invest $4,000 today. The value of your investment at the end of nine years, if you make no withdrawals, is closest to:

Select one:

A.

$5,440.00

B.

$5,693.25

C.

$5,723.08

D.

$16,415.73