If venture investors invest $1,000,000 now, will receive 25% of the exit value, and expect a 20% compounded rate of return on their investment, what is the approximate expected exit value at the end of five years?
A) $1,000,000
B) $2,490,000
C) $4,980,000
D) $7,470,000
E) $9,950,000
Correct Answer:
Verified
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