Harvey recently inherited $$260,000.$ He would like to invest his inheritance

and is considering the following investments:

$($i$)$ $$40,000$ in a $5-$year GIC with an annual interest rate of $2\%$;

$($ii$)$ An Oil Growth mutual fund, expected to yield an average annual return of $7\%$

over each of the next $5$ years;

$($iii$)$ A $$125,0005-$year security with a stated rate of $5\%$ per year, paying quarterly interest

His goal is to have his investments grow to a cumulative value of $$350,000$ at the end of $5$ years.

The maturity value of the GIC in $5$ years is approximately:

a$)$ $$76,577$

b$)$ $$46,371$

c$)$ $$44,163$

d$)$ $$60,775$