If you invest $$12,500$ in a CD with an APR of $5\mathrm{.}5$ percent with monthly compounding at your local bank for $24$ months, how much interest will you earn when the CD matures?

$$1,274\mathrm{.}26$

$$1,305\mathrm{.}98$

$$1,398\mathrm{.}14$

$$1,449\mathrm{.}97$