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-Laura Borrows $6250\$ 6250 At a Rate Of 10%10 \% Compounded Semiannually

Question 110

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-Laura borrows $6250\$ 6250 at a rate of 10%10 \% compounded semiannually. Find how much Laura owes at the end of 3 years. Use: A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } . Round to two decimal places.


A) $39,375.00\$ 39,375.00
B) $7235.16\$ 7235.16
C) $8375.60\$ 8375.60
D) $9213.16\$ 9213.16

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