How much will abc have in the account after five years

Reference no: EM132703324

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: EM132703324

Questions Cloud

Discuss how to investigate officer-involved shootings : Discuss how to investigate officer-involved shootings. Discuss the issues that arise during officer-involved shooting investigations.

Compute the depreciation expense in year : The company produces 10,200 units in year 1 and 7,200 units in year 2. Compute the Depreciation expense in year 2

Effective digital health ecosystem relies : An effective digital health ecosystem relies on a broad spectrum of technical, clinical, and administrative stakeholders to gather and analyze patient data

Which should be recorded in accounts receivable : Which should be recorded in Accounts Receivable? Receivables from subsidiaries. / Receivables from officers. / Dividends receivable

How much will abc have in the account after five years : Earning interest at 6% per annum, compounded semi-annually. How much will ABC have in the account after five years if interest is reinvested?

What is the monthly amount of your mortgage payment : The mortgage loan is a 30 year mortgage with the annual interest rate of 6.45%. What is the monthly amount of your mortgage payment

How much would need to have deposited three years ago : Determine how much you would need to have deposited three years ago at 10% compounded annually in order to have $1,000 today?

What was most valuable lesson that you gained from course : This course covered many topics and provided several strategies, resources, and techniques to help you reach your academic and career goals.

Foresee as future challenges and issues in law enforcement : What do you foresee as future challenges and issues in Law Enforcement? Why do minorities view police more negatively than white Americans do?

User Account

All Pages