Jon went to his local bank and deposited money in a certificate of deposit, or CD for short. A CD is a type of savings account that does not allow withdrawals until a set amount of time has passed.

The CD that Jon opened earns interest that compounds annually at a rate of 1.2%. If you know the CD's value is equal to B after 2 years, what will the CD's value be when it matures in 5 years?
1.0123 • B
B + 2•1.012
1.012' • B
1.012' • B
В + 3• 1.012
В + 7• 1.012