Judy has just received

$14,444

as an inheritance from her uncle and is considering ways to use the money. Judy's car is one year old, and her monthly payment is

$345.

She owes 48

more payments. The amount to pay off the loan is

$14,400.

Judy will save 2,160

in interest if she pays off her car loan now. Judy is also considering investing the

$14,444

in a certificate of deposit (CD). She is guaranteed a return of 4%

on a four-year CD. How much would Judy earn from the CD? Which of the two alternatives offers the better return?

(Note:

Ignore any tax effect.)

The amount of interest Judy would earn from the CD is $_______?

(Round to the nearest dollar.)