The Great Grandparents of One of Your Classmates Sold Their

Multiple Choice

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

A) $936,000
B) $64,254,159.44
C) $1,086,000
D) $60,617,131.54
E) $60,467,131.54