3. Assume Concord Corporation deposits $87000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually. How much will Concord have in the account after 4 years if interest is reinvested? A. $101934. B. $100920. C. $87000. D. $101779 4. Use the following 11% interest factors. 7 periods 8 periods 9 periods Present Value of Ordinary Annuity Future Value of Ordinary Annuity 4.71220 9.78327 5.14612 11.85943 5.53705 14.16397 87000 + (1+ 0.04) 87000 + (104) What amount should be recorded as the cost of a machine purchased December 31, 2017, which is to be financed by making 8 annual payments of $23700 each beginning December 31, 2018? The applicable interest rate is 11%. A. $131227 0 B. $281069 C. $165900 D. $121963 006 the present