Assume that Marigold Company deposits $85,000 with First National Bank in an account earning interest...
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Accounting
Assume that Marigold Company deposits $85,000 with First National Bank in an account earning interest at 8% per annum, compounded semi-annually. What amount will Marigold have in the account after 5 years if interest is reinvested?
a. $125820
b.$119000
c.$124894
d.$85000
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