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Assume ABC Company Deposits $25,000 with First National Bank in an Account

Question 50

Multiple Choice

Assume ABC Company deposits $25,000 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) $33,598.
B) $25,000.
C) $32,500.
D) $33,456.

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