Your Coin Collection Contains Ten 1949 Silver Dollars

Multiple Choice

Your coin collection contains ten 1949 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2050, assuming they appreciate at a 6.1 percent annual rate?

A) $3,550.61
B) $3,697.29
C) $3,728.54
D) $3,955.98
E) $4,197.29