Question $12$

$2$ pts

Avondale Homes has adopted a policy of increasing its annual dividend at a constant rate of $1\mathrm{.}35$ percent annually. The company just paid its annual dividend of $$1\mathrm{.}84.$ What will the dividend be nine years from now?

$$2\mathrm{.}08$

$$2\mathrm{.}02$

$$2\mathrm{.}15$

$$2\mathrm{.}10$

$$2\mathrm{.}05$