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bigexternal bigexternal
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7 years ago
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
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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We're using: Corporate Finance Online (Eakins, McNally)
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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bigexternal Author
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#2
7 years ago
I was skeptic but after double checking it checks out, thanks
We're using: Corporate Finance Online (Eakins, McNally)
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