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Dover Company Deposits $50,000 with Second National Bank in an Account

Question 44

Multiple Choice

Dover Company deposits $50,000 with Second National Bank in an account earning interest at 8% per annum,compounded semi-annually.How much will Dover have in the account after five years if interest is reinvested?


A) $60,833
B) $70,000
C) $73,467
D) $74,012

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