You invest $12 300 of your money in a locked-in savings account that earns 4.92% compounded monthly for 7 months. You have a family emergency and need to withdraw your funds 2 months early. You sell the savings account at a 5.6% compounded quarterly interest rate. How much did you sell the account for?

Select one:

A.

$12 956.61

B.

$12 540.61

C.

$11 569.61

D.

$12 666.61

E.

$12 659.61