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John has $11017 to invest in a bank certificate of deposit for 6 years. The bank is paying 0.04 interest per year compounded annually. How

John has $11017 to invest in a bank certificate of deposit for 6 years. The bank is paying 0.04 interest per year compounded annually. How much will John's investment be worth at the end of the 6 year period? (round to 2 decimal places)

Use the correct formula from below to solve this problem.

x*(1+r)^n

x+(CF/(1+r)^1)+(CF/(1+r)^2)+(CF/(1+r)^3)+(CF/(1+r)^4)....

x+SQRT(1-r*n)

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