Multiple Choice
Assume ABC Company deposits €50,000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. How much will ABC have in the account after five years if interest is reinvested?
A) €67,196
B) €50,000
C) €65,000
D) €66,912
Correct Answer:
Verified
Correct Answer:
Verified
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