Assume ABC Company deposits $50,000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. How much will ABC have
Assume ABC Company deposits $50,000 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?
| $67,196. | ||
| $50,000. | ||
| $65,000. | ||
| $66,912. |
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Authors: Steven Wilson
4th Edition
1951058186, 978-1951058180
