You invess $$1,000$ in a cenificate of deposit. The CD is for $6$ years and offer a rate of $4\mathrm{.}5\%.$ How much will you have in $6$ years if the $4\mathrm{.}5\%$ is a monthly APR?

$4900$

Multiplo Cholse

$$1,045\mathrm{.}94$

$$1,309,30$

$$1,302,26$