How Much Would $1,growing at 13

question 103

Multiple Choice

How much would $1,growing at 13.7% per year,be worth after 75 years?

• A) $18,248.03
• B) $15,206.70
• C) $15,358.76
• D) $13,533.96
• E) $18,704.24

---

Definitions:

Fixed Costs

These are consistent expenses incurred by a business, regardless of production levels or sales volumes, such as rent or salaries.

Profit-Volume Chart

A chart plotting only the difference between total sales and total costs for various levels of units sold.

Break-Even Point

The point at which total costs and total revenues are equal, meaning a business neither makes a profit nor suffers a loss.

Unit Selling Price

The selling rate per unit of a product to consumers.