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Question
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
Answer
This answer is hidden. It contains 264 characters.
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