The Managers of a Pension Fund Invested $5 Million in Government

Multiple Choice

The managers of a pension fund invested $5 million in government bonds paying 5.79% annual interest, compounded semiannually.After 6 years, what will the investment be worth? Round your answer to
The nearest thousand dollars.

A) $10.182 million
B) $7.042 million
C) $8.042 million
D) $8.192 million
E) none of the above