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16 October, 08:35

How much would $100, growing at 5% per year, be worth after 75 years? a. $3,689.11b. $3,883.27c. $4,077.43d. $4,281.30e. $4,495.37

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  1. 16 October, 11:04
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    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 to calculate the final value.

    FV = PV * (1+i) ^n

    FV = 100 * (1+0.05) ^75

    FV = $3,883.27
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Home » Business » How much would $100, growing at 5% per year, be worth after 75 years? a. $3,689.11b. $3,883.27c. $4,077.43d. $4,281.30e. $4,495.37
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