Question
The great, great grandparents of one of your classmates sold their factory to the government 104 years ago for $150,000. If these proceeds had been
The great, great grandparents of one of your classmates sold their factory to the government 104 years ago for $150,000. If these proceeds had been invested at 6%, how much would this legacy be worth today? Assume annual compounding.
| A. | $936,000.00 | |
| B. | $1,086,000.00 | |
| C. | $60,467,131.54 | |
| D. | $60,617,131.54 | |
| E. | $64,254,159.44 |
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
