Multiple Choice
Everyone thought he was being foolish again when, 65 years ago, great-great-uncle Crazy Louie invested $150 in the common stock of a company that produced a carbonated soft drink in Atlanta Georgia. The value of the stock has grown at an average rate of 15% compounded semi-annually. What's the value of Crazy Louie's foolish investment now?
A) $13,559,733
B) $5,872,556
C) $1,816,317
D) $925,767
E) $146,250
Correct Answer:
Verified
Correct Answer:
Verified
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