To Save for Retirement, a Couple Deposited $4000 in an Account

Multiple Choice

To save for retirement, a couple deposited $4000 in an account that pays 7% interest compounded daily.
a) What will the value of the investment be in 5 years?
b) How much interest will be earned in the 5 years?
Round your answer to the nearest cent.

A) a) $5676.08; b) $1676.08
B) a) $6811.30; b) $1676.08
C) a) $5676.08; b) $2681.73
D) a) $6811.30; b) $2681.73
E) a) $7946.51; b) $1340.86