Question: While searching Ancestry.com, you learn that you are a direct descendant and sole living heir of Alexander Hamilton who founded the Bank of New York

While searching Ancestry.com, you learn that you are a direct descendant and sole living heir of Alexander Hamilton who founded the Bank of New York 235 years ago. FYI - his picture is on the US ten dollar bill. Mr. Hamilton had coincidentally deposited $10 in the newly founded bank and you are the sole beneficiary of the account, which earned 4% annualized interest compounded monthly. Assuming no deposits or withdrawals were made on the account, what is the account's approximate current value?

A. $954,000

B. $100,655

C. $119,000

D. $1.24 mil

E. $124,000

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