If $650 is deposited into a savings account at an annual interest rate of 5% that compounds monthly, what is the value of the investment after 7 years?	Choose the correct choice from the following choices
A) $ 750.00
B) $ 823.50
C) $ 973.25
D) $ 921.75
E) $ 110.00

Rationale: using ci formula : a = p ( 1 + r / n ) ^ n * t a = 650 ( 1 + 5 / 7 ) ^ 5 * 7 a = 921.75 option : d
Answer: D