$9,000 is deposited in a savings account that pays 14% annual interest compounded semiannually. To the nearest dollar, how much is in the account at the end of the year?  Choose the correct option: A) $ 11304.12 B) $ 12304.54 C) $ 11604.14 D) $ 10304.10 E) $ 9304.41

Rationale: this is the case of semi - annual compoundingso , multiply time period by 2 and divide rate by 2 so , new time = 2 periods and new rate = 14 / 2 = 7 % now , ca = 9000 ( 1 + 7 / 100 ) ^ 2 = $ 10304.10 hence answer is d
Answer: D