A $2 Million Jumbo CD Is Paying a Quoted 3

A $2 million jumbo CD is paying a quoted 3.55% interest rate on 180-day maturity CDs. How much money will you have at maturity if you invest in the CD?

A) $2,000,000
B) $2,035,014
C) $2,035,500
D) $2,071,000
E) $2,088,400 2,000,000 * [1 + (0.0355*180/360) ]