Ask Question
10 September, 18:52

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

+3
Answers (1)
  1. 10 September, 19:07
    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 to calculate the final value.

    FV = PV * (1+i) ^n

    FV = 100 * (1+0.05) ^75

    FV = $3,883.27
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers