Harry Received a Scholarship of $2,000

Harry received a scholarship of $2,000. He plans to invest this money for 5 years at 8%, compounded annually. If he accomplishes this, Harry will have an ending balance of: (Use time value tables or a financial calculator. Select the closest answer.)

A) $2,160.
B) $2,520.
C) $2,608.
D) $2,938.
E) $3,162.