Formula for value of 1898 deposit for sale of munitions fact

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The great grandparents of one of your classmates sold their munitions factory to the government in beginning if 1898 during the Spanish-American War for 150,000. If these proceeds had been invested at 6% from then until the end of 2001 the legacy to your classmate's family would be worth how much today (assume whole years)?

Reference no: EM1327831

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