At the beginning of your freshman year, your favorite aunt and uncle deposit $10,000 into a 5-year bank certificate of deposit (CD) that pays 7% annual interest. You will receive the money in the account (including the accumulated interest) if you graduate with honors in 5 years. How much will there be in the account after 5 years?

a.

$14,025.52

b.

$14,762.82

c.

$12,155.06

d.

$13,355.06

e.

$12,465.09