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3 March, 07:23

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

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Answers (1)
  1. 3 March, 08:15
    0
    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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