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Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. 15) $50,000 deposit at an APR of 3% with semiannual compounding for 10 years A) $818,326.87 B) $67,342.75 C) $68,300.52 D) $58,027.04 16) $1200 deposit at an APR of 2% with quarterly compounding for 2 years A) $1248.85 B) $1248.00 C) $1212.03 D) $1248.48