Suppose you deposit $1,234.56 to your savings account at a 7% interest rate per annum; if its interest is accrued semiannually, which of the followinf ia true?

Suppose you deposit $1,234.56 to your savings account at a 7% interest rate per annum, if its interest is accrued semiannually, which of the following is true? The balance rews to $1.466.27 in one year. The balance grows to 51,62560 in four ycars The balance grows to $1.517.59 in two years The balance grows to 51.570.71 in three yeark