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:
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