Assume ABC Company Deposits €50,000 with First National Bank in an Account

question 100

Multiple Choice

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?

• A) €67,196
• B) €50,000
• C) €65,000
• D) €66,912

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