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
Correct Answer:
Verified
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