Solved

You Are Tearing Down a Building and Find $1 in Change

Question 147

Multiple Choice

You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead of being careless with the $1 in change, this person had deposited it into a bank and earned 2 percent interest every year for 140 years, how much would be in the account today according to the rule of 70?


A) $4
B) $8
C) $16
D) $32

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q142: Write the formula for finding the future

Q143: According to the efficient markets hypothesis, the

Q144: From the standpoint of the economy as

Q145: If a person had increasing marginal utility,

Q146: Alivia deposited $3,000 into an account two

Q148: Figure 27-3<br>The following figure shows a utility

Q149: Fundamental analysis shows that Johnson's Lumber Corporation's

Q150: Figure 27-3<br>The following figure shows a utility

Q151: Kayla faces risks and she pays a

Q152: Actively managed mutual funds usually fail to