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Stor-Away Co. needs to buy a new forklift. The company decides to deposit $3,700 in...

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Accounting

Stor-Away Co. needs to buy a new forklift. The company decides to deposit $3,700 in an account that earns 6% per year compounded semiannually. How much will the investment be worth in 2 years?

a) $4,154.38

b) $4,164.38

c) $4,144.38

d) $4,134.38

e) $4,184.38

f) None of the above.

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