Multiple Choice
Assume ABC Company deposits $70,000 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) $94,074.
B) $70,000.
C) $91,000.
D) $93,677.
Correct Answer:
Verified
Correct Answer:
Verified
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