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 was john locke known for?
A map is drawn to scale 1 Cm 10km . Find the actual distance represented by 54 mm
To make sure I don't turn in an assignment what misspelled words I
During training, Janice kayaked 4.68 miles on Monday and 5.61 miles on Tuesday. How much farther did she kayak on Tuesday?
What often happened to African residents of regions that became Rich due to exports of local natural resources?
The water cycle is also referred to as the _______ cycle. A. oxygen B. hydrologic C. hydrogen D. watershed
11/14 minus what is equal to 4/14
Which two design elements can be found in the U.S. flag? balance and pattern pattern and rhythm emphasis and unity
Why doesnt everyone who is accused of a criminal act use criminal insanity as a defense?
Ann needs 42 feet of fabric to make a small quilt. How many yards should she buy