Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has

$6,000

for his CD investment. If the bank is offering a

5.5%

interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a

a.

three-year

investment period?

b.

five-year

investment period?

c.

eight-year

investment period?

d.

twenty-year

investment period?