Instructions	Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to two decimal places for dollar and period values and four places for percentages stated as decimals; do not label answers with symbols such as $ or %. For example, 10.5% should be input as .1050.

Chrysalis Financial is offering a 3 year certificate of deposit with quarterly compounding at 0.0407. You decide to invest 1,554 in the certificate today. On the maturity date, the amount the investment will be worth is closest to: