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

Which of the following is NOT a function of a distribution channel? Negotiation Information Innovation Promotion
Magnetism: So I need help on this question but please explain how you got the answer so I can learn and better provide evidence :) If you are able to answer thi
A projectile is fired from the ground with an initial velocity of 250 m/s at an angle 60 degrees above the horizon. Calculate the horizontal and vertical compon
Each image symbolizes a protest led by Mahatma Gandhi. Identify and briefly describe each protest.
I don’t understand how to identify quadratic transformations. Can I have so help please?
About how many district courts does the United States have? 60 80 90 100
which event or events could possibly have been a cause of the great britain
Evaluate the expression: -125 + 13 − 11 127 -90 123 -123
explain the similarities and differences between the processes of weathering and erosion.
Can someone please answer this by today