Question $56(1$ point$)$

$$ Saved

Suppose you have $$6,000$ and plan to purchase a $5-$year certificate of deposit $($CD$)$ that pays $8\%$ interest, compounded annually. How much will you have when the $CD$ matures?

$$ a$)$ $$2,324$

b$)$ $$2,591$

c$)$ $$8,816$

d$)$ $$2,011$

$$ e$)$ $$2,854$