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.
Correct Answer:

Verified
Correct Answer:
Verified
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