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JG Asset Services is recommending that you invest $1,400 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will

JG Asset Services is recommending that you invest $1,400 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?

Select the correct answer.

a. $1,662.76

b. $1,683.76

c. $1,669.76

d. $1,676.76

e. $1,655.76

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