$8,000 is deposited in a savings account that pays 12% annual interest compounded semiannually. To the nearest dollar, how much is in the account at the end of the year?	Select
A) $8288.55 B) $8985.10 C) $8988.80 D) $8977.14 E) $8964.95
this is the case of semi-annual compoundingso, multiply time period by 2 and divide rate by 2   So,   new time=2periods and new rate=12/2= 
<gadget id="calculator">12/2</gadget>
<output>6</output>
6%   Now,   $8988.80A=8000(1+6/100)^2=$8988.80   Hence answer is $8988.80
<result>C</result>
$8,000 is deposited in a savings account that pays 12% annual interest compounded semiannually. To the nearest dollar, how much is in the account at the end of the year?