At the end of every six months for the last six years Vincent has borrowed $1,000 from Charley at an interest rate of 11% compounded semi-annually. He has not made any payments to reduce his debt. How much, including interest, does Vincent owe Charley now?
A) $19,920
B) $16,386
C) $22,714
D) $8,618
E) $15,536

Question

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The Answer of At the end of every six months for the last six years Vincent has borrowed $1,000 from Charley at an interest rate of 11% compounded semi-annually. He has not made any payments to reduce his debt. How much, including interest, does Vincent owe Charley now?
A) $19,920
B) $16,386
C) $22,714
D) $8,618
E) $15,536

At the End of Every Six Months for the Last