If an investor puts $1000 in a savings account that earns 10 percent annual interest compounded semiannually, how much money will be in the account after one year?  Select:
A) $1100.25
B) $1100.75
C) $1101.25
D) $1101.75
E) $1102.50
1.05*1.05*1000= 
<gadget id="calculator">1.05*1.05*1000</gadget>
<output>1_102.5</output>
$1102.50   The answer is $1102.50.
<result>E</result>
If an investor puts $1000 in a savings account that earns 10 percent annual interest compounded semiannually, how much money will be in the account after one year?