brieannamiller1883 brieannamiller1883
  • 03-12-2019
  • Business
contestada

How much would $100, growing at 5% per year, be worth after 75 years?

$3,689.11


$3,883.27


$4,077.43


$4,281.30


$4,495.37

Respuesta :

facundobuzzetti
facundobuzzetti facundobuzzetti
  • 05-12-2019

Answer:

The correct answer is B.

Explanation:

Giving the following information:

How much would $100, growing at 5% per year, be worth after 75 years?

We need to use the following formula:

FV= PV*(1+i)^n

FV= 100*(1.05)^75= $3,883.27

Answer Link

Otras preguntas

what is 9×9 please help me
Which of the following are examples of exponential decay? - The population of a Florida is increasing by 43% each year. - The pesticide DDT has a half-life
What do antibodies do? attach to cells with the corresponding antigen produce immature cells that become B cells engulf and destroy pathogens produce antigens
A theme or message of war of the worlds
Which address uses correct punctuation? A. 1345 Ryle Road, Atlanta Georgia 30301 B. 1345 Ryle Road, Atlanta, Georgia, 30301 C. 1345 Ryle Road, Atlanta Georgi
Which word best describes the people of Cameliard when King Arthur and his men return from battle? A. amused B. suspicious C. overjoyed D. jealous
please help me with this question number 22
In which of the following situations would the government have been most likely to become involved in union protests? a successful strike a union formed against
Did the industrial revolution have an effect upon England?
Kings code essay business studies