Problem related to reinvesting of investment

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Reference no: EM13137929

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: EM13137929

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