The great,great grandparents of one of your classmates sold their factory to the government 110 years ago for $125,000.If these proceeds had been invested at 6%,how much would this legacy be worth today? Assume annual compounding.
A) $50,936,000.00
B) $61,086,000.00
C) $70,467,131.54
D) $75,954,794.34
E) $84,254,159.44
Correct Answer:
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