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Drexel Corporation has been enjoying a phenomenal rate of growth since its inception one year ago. Currently, its assets total $100,000. If growth continues at
Drexel Corporation has been enjoying a phenomenal rate of growth since its inception one year ago. Currently, its assets total $100,000. If growth continues at the current rate of 12% compounded quarterly, what will total assets be in 2 1/2 years? (Round to the nearest whole dollar)
a)$136,855
b)$134,392
c)$148,016
d)$142,571
e)$126,678
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