Drexel Corporation Has Been Enjoying a Phenomenal Rate of Growth

question 11

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 percent compounded quarterly,what will total assets be in 2¹/₂ years?

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