Jessica Received a Gift of $7,500 at the Time of Her

Multiple Choice

Jessica received a gift of $7,500 at the time of her high school graduation. She invests it in an account that yields 10% compounded semiannually. What will the value of Jessica's investment be at the end of 5 years? (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

A) $10,500.00
B) $8,250.00
C) $9,375.00
D) $11,250.00
E) $12,216.75