Ms. Popez deposits $ 130 in an account that pays 20% interest, compounded semiannually. How much money will there be in the account at the end of one year?	Choose the correct choice from the following.
A) $118.00  B) $120.00  C) $157.30  D) $122.00  E) $140.00
Using Formula - A = P(1+r/n)^nt   Given   P=130   n=2   t=1   r=0.2   Substituting value in formula   A = 130(1+0.2/2)^2   A= 157.30$=$157.30
<result>C</result>
Ms. Popez deposits $ 130 in an account that pays 20% interest, compounded semiannually. How much money will there be in the account at the end of one year?