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) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

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