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

Multiple Choice

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

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