How much would legacy be worth today-annual compounding

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Reference no: EM13847878

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

Reference no: EM13847878

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