Lisa Richter Deposited $5,000 at 4% Compounded Semiannually for Three

Multiple Choice

Lisa Richter deposited $5,000 at 4% compounded semiannually for three years. At the beginning of the fourth year, Lisa deposited $2,500. What would her balance be at the end of five years assuming she is still earning 4% compounded semiannually?

A) $5,131
B) $8,131
C) $8,800
D) $8,800.99
E) None of these