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Assume that Oriole Company deposits $84000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. What amount will Oriole have in the account after 3 years if the interest is reinvested? O $100047 O $100300 O $84000 O $99120

Assume that Oriole Company deposits $84000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. What amount will Oriole have in the account after 3 years if the interest is reinvested? O $100047 O $100300 O $84000 O $99120

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assume that Oriole Company deposits $84000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. What amount will Oriole have in the account after 3 years if the interest is reinvested? O $100047 EE O $100300 O $84000 O $99120
Transcribed Image Text:Assume that Oriole Company deposits $84000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. What amount will Oriole have in the account after 3 years if the interest is reinvested? O $100047 EE O $100300 O $84000 O $99120
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