Suppose You Put $100 into a Savings Account Today, the Account

Multiple Choice

Suppose you put $100 into a savings account today, the account pays 8% compounded semiannually, and you withdraw $50 one year after your initial deposit. What would your ending balance be 20 years after the initial $100 deposit was made, assuming that you make no additional deposits?

A) $250.31
B) $257.45
C) $258.16
D) $430.10
E) $480.10