Calculate, to the Nearest Cent, the Future Value of an Investment

Multiple Choice

Calculate, to the nearest cent, the future value of an investment of $28,000 at 10.45% per year, compounded monthly, after 14 years.

A) $F V = \$ 120,165.64$
B) $F V = \$ 112,584.37$
C) $F V = \$ 821,798.19$
D) $F V = \$ 31,613.79$
E) $F V = \$ 45,502.17$