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

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

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