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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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