When I Was Considering What to Do with the $6,000

Multiple Choice

When I was considering what to do with the $6,000 proceeds from my sale of technology stock, my broker suggested I invest half of it in municipal bonds, whose value was growing by 15% per year, and the other half in certificates of deposit (CDs) , which were yielding 7% per year compounded every 2 months. Assuming that these rates are sustained, how much will my investment be worth in 8 years Round your answer to the nearest cent. ?

A) $14,412.19
B) $9,177.07
C) $14,412.09
D) $5,235.02
E) $14,411.09