A 2-year certificate of deposit is purchased for k dollars. If the certificate earns interest at an annual rate of 6 percent compounded quarterly, which of the following represents the value, in dollars, of the certificate at the end of the 2 years ?()
A.(1.06)2k
B.(1.06)8k
C.(1.015)2k
D.(1.015)8k
E.(1.03)4k