Question: How much would $1, growing at 13.7% per year, be worth after 85 years? Select one: a. $54,908.49 b. $55,358.76 c. $55,206.70 d. $43,533.96 e.

How much would $1, growing at 13.7% per year, be worth after 85 years?

Select one:

a. $54,908.49

b. $55,358.76

c. $55,206.70

d. $43,533.96

e. $18,704.24

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!