The Managers of a Pension Fund Invested $2 Million in Government

Multiple Choice

The managers of a pension fund invested $2 million in government bonds paying 8.52% annual interest, compounded semiannually.After 4 years, what will the investment be worth? Round your answer to
The nearest thousand dollars.

A) $2.792 million
B) $3.942 million
C) $5.932 million
D) $3.792 million
E) none of the above