Drexel Corporation Has Been Enjoying a Phenomenal Rate of Growth

question 75

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% compounded quarterly,what will total assets be in 2 1/2 years? (Round to the nearest whole dollar)

• A) $142,571
• B) $126,678
• C) $148,016
• D) $136,855
• E) $134,392

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