Zack purchased an investment grade gold coin for $50,000. He expects the coin to increase in value at a rate of 12% compounded annually for the next 10 years. How much will the coin be worth at the end of the 10 th year if his expectations are correct? 1) $98,732.39 2) $89,542.38 3) \$162,921.23 4) $155,292.41