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How much will Crane have in the account

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Question - Assume Crane Company deposits $80000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually. How much will Crane have in the account after 3 years if interest is reinvested?

a. $89990.

b. $80000.

c. $90093.

d. $89600.

Reference no: EM132614908

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