If $21,000 Is Invested in a Savings Account Yielding 5

Multiple Choice

If $21,000 is invested in a savings account yielding 5.5% per year, compounded semiannually, how fast is the balance growing after 3 years?

A) $1,676.02 per year
B) $1,877.14 per year
C) $938.57 per year
D) $1,340.81 per year
E) $2,413.47 per year