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Find how much will abc have in account after five years

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Reference no: EM132728015

Problem 1: 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

Reference no: EM132728015

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