Multiple Choice
Drexel Corporation has been enjoying a phenomenal rate of growth since its inception one year ago.Currently,its assets total $100,000.If growth continues at the current rate of 12 percent compounded quarterly,what will total assets be in 21/2 years?
A) $142,571
B) $126,678
C) $148,016
D) $136,855
E) $134,392
Correct Answer:
Verified
Correct Answer:
Verified
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